Impact of COVID-19 Crisis, Global Transformation Approaches and Emerging Organisational Adaptations: Towards a Restructured Evolutionary Perspective

Charis Vlados () and Dimos Chatzinikolaou ()
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Charis Vlados: Democritus University of Thrace
Dimos Chatzinikolaou: Democritus University of Thrace

Chapter 4 in Business Under Crisis, Volume II, 2022, pp 65-90 from Palgrave Macmillan

Abstract: Abstract The pandemic crisis of COVID-19, despite its unforeseen and explosive spread, constitutes a structural disturbance of global socio-economic balances. Through the fourth industrial revolution and amid the unexpected and profound recessionary economic pressures on a global scale, our world is heading towards a “new globalisation.” Exploring the economic and social implications of the COVID-19 crisis through several theoretical tools for interpreting the current global transformation, we conclude that the global economy is facing a severe threat. A renewed evolutionary theoretical interpretation seems imperative, and any perseverance to simplified and strictly fragmentary past approaches can only be ineffective. In this context, the long-term and sustainable exit of this crisis seems to require multiform organisational adaptations, at all levels of operation and by all actors, that can come only with the joint dynamics of innovation and effective change management.

Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:pal:pscchp:978-3-030-76575-0_4

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DOI: 10.1007/978-3-030-76575-0_4

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