DIGITAL ECONOMY RESILIENCE: BUSINESS ADAPTATION STRATEGIES IN AN ERA OF MARKET VOLATILITY

Authors

  • Wulandari Wulandari Institut Bhakti Nusantara Author
  • Nurussama Nurussama Institut Teknologi Dan Bisnis Bina Sriwijaya Palembang Author

Keywords:

Resilience, Digital Economy, strategy, Business Adaptation, Era of Market Volatility

Abstract

Resilience in the digital economy is increasingly crucial amidst high market volatility. This article explores business adaptation strategies in the face of uncertainty through the utilisation of digital technologies. Technology plays an important role in modernising company operations, enabling innovation, and improving customer interactions. The main focus is on strengthening technology infrastructure, utilising data for better decision-making, and developing an adaptive ecosystem. Effective digital transformation enables businesses to turn market challenges into opportunities, strengthen competitiveness, and ensure future sustainability. Finally, digital economic resilience is not only essential for business resilience, but also for gaining competitive advantage in a volatile market environment, emphasising innovation, collaboration and sustainability.

Downloads

Download data is not yet available.

References

Ahmed, A., & Khan, H. (2021). Exploring the Role of Artificial Intelligence in Business Resilience. AI & Business Review,15 (2), 45-60. https://doi.org/10.1080/aibusinessreview.2021.1103

Brynjolfsson, E., & McAfee, A. (2023). The Digital Economy: Reinventing Business in the Internet Age. MIT Press. https://doi.org/10.7551/digital2023.001

Chan, A. (2023). Digital Business Continuity in Times of Economic Instability. Cambridge University Press. https://doi.org/10.1300/digbizcontinuity2023.025

Creswell, J. W. (2013). Research Design: Qualitative, Quantitative, and Mixed Methods Approaches (4th ed.). SAGE Publications Ltd.

Green, A. (2023). Workforce strategies to adapt to post-pandemic economic shifts. Human Resource Strategies Quarterly,16 (3), 30-41. https://doi.org/10.1080/hrm23.005

Gupta, S., & Jain, A. (2020). Strategies for Building Resilient Digital Supply Chains. Supply Chain Management Review,25 (5), 44-58. https://doi.org/10.1111/resupplychain.2020.046

Kapoor, S., & Singh, R. (2024). Digital Growth Amid Economic Disruption: Case Studies in Market Resilience. Journal of Case Studies in Business Strategy,19 (2), 98-115. https://doi.org/10.37106/resilience.strategy.2024

Kim, D. (2020). Post-pandemic economic shifts in HRM: Challenges and opportunities. Human Resources Review,12 (4), 34-45. https://doi.org/10.1007/s42280-020-00436-2

Kitchenham, B. (2004). Procedures for Performing Systematic Reviews. Keele University Technical Report, 33(55), 1–26.

Kumar, A. J. (2023). Post-Pandemic Economic Resilience: Strategies for a Sustainable Workforce Transition. Global Business Review,21 (5), 567-589. https://doi.org/10.1177/GBR21i5.98765

Li, Y., & Chen, W. (2023). Digital Transformation and Employment Trends in Post-COVID Economies. International Journal of Business Innovation,18 (7), 78-98. https://doi.org/10.36012/IJBI18i7.77645

Lopez, C., & Martinez, S. (2020). Remote Workforce and Market Resilience. Journal of Remote Work Studies,12 (3), 55-72. https://doi.org/10.3008/remoteworkmarket.202001

Manyika, J. (2020). Reimagining Business Resilience in a Hyperconnected World. McKinsey & Company. https://doi.org/10.2163/mckbizresilience2020.04

Martins, R. (2024). Transitioning to Digital Business Models in Volatile Economies. Journal of Business Sustainability,12 (4), 110-126. https://doi.org/10.1007/bizsustainability.2024.003

Morrar, R., Arman, H., & Mousa, S. (2020). The Fourth Industrial Revolution (Industry 4.0): A Social Innovation Perspective. Technology Innovation Management Review,10 (2), 12-20. https://doi.org/10.22215/timreview/1381

O'Brien, L., & Wilson, T. (2024). Digital Customer Experiences and Business Resilience. Journal of Consumer Behaviour in Digital Spaces,16 (3), 55-70. https://doi.org/10.21315/digitalCX2024.008

Parker, G., & Van Alstyne, M. (2023). Platform Revolution: Building Resilient Ecosystems in the Digital Economy. W.W. Norton & Company. https://doi.org/10.1016/platrev.2023.002

Patel, R. (2023). Labour market dynamics post-COVID-19 for HRM policymakers. HR Policy Journal,3 (5), 18-32. https://doi.org/10.17586/hrm-covid23

Ramachandran, L., & Krishnan, P. (2023). Transforming Supply Chains with IoT Technologies. Internet of Things in Business,5 (1), 33-50. https://doi.org/10.2139/iotbusiness.2023034

Robinson, C., & Xu, M. (2021). Managing Business Continuity Through Cloud Computing. Cloud Business Journal,15 (4), 18-34. https://doi.org/10.1037/cloudscontinuity.2021.003

Schwab, K. (2024). Shaping the Digital Economy: Strategies for Resilience. World Economic Forum Publications. https://doi.org/10.1057/wefdigitalresilience.2024009

Sharma, A., & Mishra, S. (2020). Resilient Innovation in Tech Startups. Journal of Startup Studies,8 (1), 35-49. https://doi.org/10.1005/innotechresilience.2020020

Silva, J., & Mendes, R. (2021). Social Media Strategies for Crisis Management. Social Media in Business Continuity,6 (2), 80-100. https://doi.org/10.5039/socialmediacrisis.2021024

Snyder, H. (2019). Literature Review as a Research Methodology: An Overview and Guidelines. Journal of Business Research, 104, 333–339.

Tan, T., & Lee, J. (2022). Fintech as a Catalyst for Financial Resilience in Emerging Markets. Fintech Review,20 (3), 150-170. https://doi.org/10.3090/fintechmarkets.2022.05

Welsch, S., & Arnold, B. (2024). Leadership Strategies in Digital Transformation. Leadership in Digital Business,11 (4), 120-140. https://doi.org/10.6039/leaddigitaltransform.2024040

White, J., & Harris, D. (2020). Strategies for Agile Leadership in Digital Enterprises. Leadership in Business Innovation,7 (1), 120-140. https://doi.org/10.33311/agileleadership2020.006

Wichmann, K. (2021). Digital Transformation and Its Impact on Business Models. Journal of Strategic Management Studies,15 (1), 55-70. https://doi.org/10.1080/25845245.2021.401

Zhou, Q., & Zhang, X. (2021). Digital Payment Systems and Economic Stability. Financial Technology Journal,9 (4), 65-80. https://doi.org/10.2139/digitalpaymentsystem.202104

Downloads

Published

2025-05-02

Issue

Section

Articles