7. Corporate Governance Processes in the Adoption of New Business Models Due to the Pandemic

We are in a time where digital nomadism has arisen in the general sense. When it is generally considered, there is the implementation of information and communication technologies in the traditional business processes at the background of the electronic business model that has come to the fore following the pandemic. Information technologies emerge as the driving force of the changes in the business organization processes and approaches. It has a role in retrieving, processing, analyzing, and distributing information electronically. This comes to the forefront in changing the traditional business models through this way. Home office working order requires digitizing the working space, downloading the business applications to a smartphone and tracking the processes instantly, and using technology actively in order to increase the productivity for home office operations. Home office technologies enable advanced connection and communication networks while providing employers with saving on space, time, and money. In the past century, the prominent concepts were strict working programs, hierarchies, and repetitive tasks. The disappearance of the classical workplace concept with the digitalization of the entity will change the relationship between the social partners. Institutions have tried to use their creativity during the pandemic. All institutions have started to adapt informatics-based business models at the same time and develop their experiences and skills. Digitalization has become prominent in many sectors such as education, sports, banking, and health. The performed changes indicate that the targeted point in the business models focuses on digitalizing and flexibility. It has been observed that institutions that have an informatics infrastructure and focus on functional flexibility especially during the pandemic process have continued to actively conduct their business during this crisis. This period identified as the “new normal” has changed many habits that we are accustomed to.