Socio-Economic Stability and Sustainable Development in the Post-COVID Era: Lessons for the Business and Economic Leaders

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F60460709%3A41110%2F23%3A94324" target="_blank" >RIV/60460709:41110/23:94324 - isvavai.cz</a>

Result on the web

<a href="https://www.mdpi.com/2071-1050/15/4/2876" target="_blank" >https://www.mdpi.com/2071-1050/15/4/2876</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.3390/su15042876" target="_blank" >10.3390/su15042876</a>

Result language

angličtina

Original language name

Socio-Economic Stability and Sustainable Development in the Post-COVID Era: Lessons for the Business and Economic Leaders

Original language description

This paper focuses on social and economic stability, as well as sustainable development, in the post COVID era in light of the recent theoretical approaches and leadership practices. As governments worldwide resorted to repeated national and regional specific impositions of social and economic isolation in an often failed attempt to contain the spread of the coronavirus, their economies have been plunged into recessions, which have been deeper than those associated with the global financial crisis in the past. Successful business and economic leaders need to be aware of the dominant trends unfolding as the COVID 19 pandemic is gradually coming to its end and the New Globalization, a new era of international economy and international relations after COVID 19, is materializing. With global living, international travel, and trade interconnected, businesses need to plan for handling the future outbreaks and their economic, as well as social, consequences. The aim of this paper is to draw the lessons for business and economic leaders in the post-COVID era with a focus on the new trends and challenges for the sustainable development and the Sustainable Development Goals. The paper also presents an empirical model that assesses the novel ways of doing business and innovating using the sustainable economic practices after the COVID-19 pandemic. The model employs our own data collected from 450 managers and owners of small and medium enterprises in the Czech Republic and Russia. Our results show that innovation and digitalization, e.g., smart metering or the Internet of Things, are becoming the main drivers of the sustainable economic transformation of small and medium enterprises in the post-pandemic period. These results might be useful for both academic researchers and business practitioners searching for new pathways for innovating their sustainable business practices and recreating their customer base in the post COVID era.

Czech name

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Czech description

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Type

J_imp - Article in a specialist periodical, which is included in the Web of Science database

CEP classification

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OECD FORD branch

50201 - Economic Theory

Project

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Continuities

S - Specificky vyzkum na vysokych skolach

Publication year

2023

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Name of the periodical

Sustainability

ISSN

2071-1050

e-ISSN

2071-1050

Volume of the periodical

15

Issue of the periodical within the volume

4

Country of publishing house

CZ - CZECH REPUBLIC

Number of pages

18

Pages from-to

1-18

UT code for WoS article

000941441200001

EID of the result in the Scopus database

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