Post-COVID-19 era and Fourth Industrial Revolution: Contemporary Trends in Labor Relations and Organizational Adaptation

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 17-2021, DUTH Research Papers in Economics from Democritus University of Thrace, Department of Economics

Abstract: The outbreak of the COVID-19 pandemic seems to be structurally transforming the global economy. This article explores how these recent changes impact the different types of organizations and the ways these may adapt in this repositioned context. First, we present the central dimensions of the unfolding health crisis and the subsequent broader socioeconomic crisis. Then, it is argued that this global-scale emerging transformation has brought about fundamental changes in the working environment within the accelerated Fourth Industrial Revolution. The article concludes that all socioeconomic organizations (irrespectively of size and sectoral scope) are now required to grow as swiftly as possible their strategic, technological, and managerial potential to innovate and adapt in this emerging reality. Τhis innovational adaptation to exit this structural crisis seems to be requiring the structuration of corresponding change management mechanisms.

Keywords: Change management; COVID-19; Fourth Industrial Revolution; Innovation; Labor relations; Organizational adaptation (search for similar items in EconPapers)
JEL-codes: E24 F66 M19 O10 (search for similar items in EconPapers)
Pages: 22 pages
Date: 2021-09-29
New Economics Papers: this item is included in nep-ban, nep-hea and nep-mac
Note: ILERA 9th Africa Regional Congress 2021: “Challenges Facing Employment Relations, Labour Law and Social Protection to Reduce Poverty, Inequality and Unemployment in Africa, in the wake of a Global Pandemic”, 26 – 29 September 2021, Skukuza Safari Lodge, Kruger National Park, Mpumalanga
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Persistent link: https://EconPapers.repec.org/RePEc:ris:duthrp:2021_017

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