Adapting to change: The Covid-19 pandemic’s influence on business and economic landscapes

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F70883521%3A28120%2F24%3A63581558" target="_blank" >RIV/70883521:28120/24:63581558 - isvavai.cz</a>

Result on the web

<a href="https://www.cjournal.cz/index.php?hid=clanek&bid=aktualni&cid=551&cp=" target="_blank" >https://www.cjournal.cz/index.php?hid=clanek&bid=aktualni&cid=551&cp=</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.7441/joc.2024.04.0" target="_blank" >10.7441/joc.2024.04.0</a>

Result language

angličtina

Original language name

Adapting to change: The Covid-19 pandemic’s influence on business and economic landscapes

Original language description

This paper critically examines the impact of the COVID-19 pandemic on business performance and the adoption of remote working practices, focusing on 267 Czech companies across various sectors and sizes. The research, conducted in 2021, utilized descriptive statistical analysis to assess changes in profitability, turnover, receivable collection, and home-office adoption. Findings reveal that large, service-oriented companies experienced the most significant revenue declines (up to 55%), while micro and medium enterprises displayed greater resilience. The study highlights a major shift toward remote work, particularly in medium and large organizations, suggesting lasting changes in work culture and the need for technological readiness. By comparing results with existing studies, this research emphasizes the differential impacts of the pandemic across industries, contributing new insights into organizational adaptability, financial resilience, and strategic management during crises. It also underscores the importance of agile management, cash flow stability, and digital transformation in mitigating disruptions. The findings have practical implications for policymakers and business leaders, offering guidance for targeted support policies and enhanced crisis preparedness. Despite its valuable contributions, the study is limited by its regional scope and sample size, highlighting the need for cross-country and longitudinal studies. These directions could further explore the long-term effects of the pandemic and inform strategies for fostering resilience in a rapidly changing global business environment.

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

50204 - Business and management

Project

—

Continuities

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Publication year

2024

Confidentiality

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

Name of the periodical

Journal of Competitiveness

ISSN

1804-1728

e-ISSN

—

Volume of the periodical

16

Issue of the periodical within the volume

4

Country of publishing house

CZ - CZECH REPUBLIC

Number of pages

16

Pages from-to

1-16

UT code for WoS article

001399025600001

EID of the result in the Scopus database

2-s2.0-85215550064