The Need For Change And Shaping The Post-COVID Business Environment in Romania

Lucia Morosan-Danila and Otilia-Maria Bordeianu ()
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Otilia-Maria Bordeianu: †Stefan cel Mare†University of Suceava, Romania

Chapter 35 in 16th Economic International Conference NCOE 4.0 2020, 2020, vol. 13, pp 387-397 from Editura Lumen

Abstract: COVID-19 and the containment policies aimed at controlling it have changed the way people work, the consumer behaviour, forcing most of the businesses to re-configure. During different crisis we have seen many changes, some changes were temporary but also some changes became permanent. Such crises can and will fundamentally reshape our beliefs and behaviours, in terms of our daily lives (at professional and personal level) and economic activities and tendencies. The companies need to prepare for a post-crisis world, rather than waiting for a return to the same conditions in from the past. This paper presents the main changes affecting the business environment today, at European but also national level (focusing on presenting relevant statistics related to the affected companies and fields of activities, the structure of the labour force, level of indebtedness, payment capacity, as well as the associated legal implications) and finally it aims at identifying the practical measures that companies must take to sense, exploit, and re-shape the post-COVID-19 reality. Today, the managers have to find an economically and socially viable path to the next normal.

Keywords: Business environment; COVID-19; containment policies; crisis; labour force (search for similar items in EconPapers)
JEL-codes: A1 F1 F3 M1 O3 R1 (search for similar items in EconPapers)
Date: 2020
ISBN: 978-1-910129-27-2
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (7)

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Persistent link: https://EconPapers.repec.org/RePEc:lum:prchap:13-35

DOI: 10.18662/lumproc/ncoe4.0.2020/35

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