Trend of Economy and Business Development in a Composite Environment

Abstract

The Journal of Business Administration Research has been focusing on the research and development of global business models and management, contributing highly valued information for professionals engaged in scientific research, application innovation, and enterprise operation. The global economy and business development have been facing unprecedented challenges in seeking new economic models and renewing business models and management practices since the outbreak of COVID-19 in 2020. Traditional industries are forced to transform the standardized management that has already become an essential condition, into smarter, more simplified, and highly effective management to adapt to an environment with mature applications of the Internet of Things (IoT), shifting from offline to online operations, and focusing more on operations at the user end instead of at the platform end. The goal is to integrate resources and improve operation efficiency more effectively by upgrading industries, lowering human resource requirements, and simplifying management models and production processes.