Change Management, Organizational Adaptation, and Labor Market Restructuration: Notes for the Post-COVID-19 Era

Charis Vlados, Theodore Koutroukis () and Dimos Chatzinikolaou
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Theodore Koutroukis: Democritus University of Thrace, Department of Economics, Postal: Department of Economics, University Campus, Komotini, 69100, Greece

No 15-2021, DUTH Research Papers in Economics from Democritus University of Thrace, Department of Economics

Abstract: The recent transformation caused by the COVID-19 pandemic crisis drives the world economy to an accelerated mutation. This chapter focuses on how the current developments affect the various socioeconomic organizations and systems and how they can adapt to this new emerging reality. To this end, relevant forecasts on the current pandemic crisis are examined. Τhis crisis seems to cause the acceleration of the Fourth Industrial Revolution, functioning as a catalyst of the structural changes also observed in the working environment. The chapter suggests that all socioeconomic organizations (irrespectively of their size, spatial reach, and sectorial focus) are called upon nowadays to readjust themselves and that innovation is the fundamental generator for exiting the ongoing structural crisis. However, innovation unavoidably creates significant changes that socioeconomic organizations must manage effectively in the foreseeable future, according to a new way of perceiving organizational resilience and adaptability for the post-COVID-19 era.

Keywords: Fourth Industrial Revolution; Post-COVID-19 Era; Evolutionary Organizational Adaptation; Neo-Schumpeterian Innovation; Post-COVID-19 Change Management; Post-COVID-19 Working Environment (search for similar items in EconPapers)
JEL-codes: E24 F66 M19 O10 (search for similar items in EconPapers)
Pages: 21 pages
Date: 2021-11
New Economics Papers: this item is included in nep-ban, nep-hme, nep-mac and nep-ore
Note: In Popescu, C.R (Ed). COVID-19 Pandemic Impact on New Economy Development and Societal Change (pp. 1-21). IGI Global. ISBN: 9781668433744.
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Persistent link: https://EconPapers.repec.org/RePEc:ris:duthrp:2021_015

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