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

Kód výsledku v 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>

Výsledek na webu

<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>

Jazyk výsledku

angličtina

Název v původním jazyce

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

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

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

Popis výsledku anglicky

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.

Druh

J_imp - Článek v periodiku v databázi Web of Science

CEP obor

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OECD FORD obor

50201 - Economic Theory

Projekt

—

Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2023

Kód důvěrnosti údajů

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

Název periodika

Sustainability

ISSN

2071-1050

e-ISSN

2071-1050

Svazek periodika

15

Číslo periodika v rámci svazku

4

Stát vydavatele periodika

CZ - Česká republika

Počet stran výsledku

18

Strana od-do

1-18

Kód UT WoS článku

000941441200001

EID výsledku v databázi Scopus

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