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

Kód výsledku v 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>

Výsledek na webu

<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>

Jazyk výsledku

angličtina

Název v původním jazyce

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

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

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

Popis výsledku anglicky

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.

Druh

J_imp - Článek v periodiku v databázi Web of Science

CEP obor

—

OECD FORD obor

50204 - Business and management

Projekt

—

Návaznosti

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Rok uplatnění

2024

Kód důvěrnosti údajů

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

Název periodika

Journal of Competitiveness

ISSN

1804-1728

e-ISSN

—

Svazek periodika

16

Číslo periodika v rámci svazku

4

Stát vydavatele periodika

CZ - Česká republika

Počet stran výsledku

16

Strana od-do

1-16

Kód UT WoS článku

001399025600001

EID výsledku v databázi Scopus

2-s2.0-85215550064