Business Impacts of COVID-19

This book shares observations and conclusions from contemporary research and analyses, as well as from personal experiences in creating and implementing anti-crisis solutions in economies and enterprises caused by the COVID-19 pandemic on the economy and its entities.

The coronavirus disease (COVID-19) pandemic has caused serious disruptions to the economy and business activities. The COVID-19 crisis has also exposed important weaknesses in business and supply chains. It pointed to specific sectors of the economy, primarily related to services, that suffered the most. On the other hand, it has highlighted the great flexibility of the activities of entrepreneurs in their attempts to fight the crisis.

The role of government has also been important in tackling this pandemic crisis to contain the epidemic and adopt activities to help entrepreneurs who were most affected by the crisis. Numerous national aid and recovery packages have been announced to support businesses and workers. At the same time, financial decisions were made at the international level, resulting in the mobilization of huge funds that were intended to support the functioning of enterprises.

This book shares observations and conclusions from contemporary research and analyses, as well as from personal experiences in creating and implementing anti-crisis solutions in economies and enterprises caused by the COVID-19 pandemic on the economy and its entities. It will be of interest to researchers, academics, policymakers, and students in the fields of international business, economics, crisis management, and entrepreneurship.

Autorentext

Tomasz Bernat is a Professor of Economics and a Senior Researcher and Lecturer at the University of Szczecin, Poland.

Joanna Duda is a Professor of Management and a Senior Researcher and Lecturer at AGH University of Science and Technology in Krakow, Poland.

Inhalt

1. Socio-economic consequences of events at beginning of 21st century in view of Black Swan theory 2. Impact of COVID-19 on consumer behavior 3. Effectiveness of fiscal stimuli during COVID-19: Comparative analysis of US, Germany, Greece, and Poland 4. Innovation and digital competencies as important factors of economic development in Industry 4.0 and during COVID-19 5. Crisis management in selected countries of European Union during COVID-19 Pandemic 6. European alternative market behavior during COVID-19 pandemic 7. Impact of COVID-19 pandemic on international trade in 2020 with regard to COVID-19-related medical products - case of Poland 8. Public support for enterprise operation in Poland in conditions of crisis caused by SARS-COV-2 pandemic 9. Effects of COVID-19 Pandemic on Productivity: Can Destruction Bring Creation? 10. Factors of large enterprise competitiveness at initial stage of economic crisis 11. Impact of COVID-19 pandemic on competitive potential of large enterprises 12. Role of inter-organizational cooperation during times of crisis 13. Dynamic Capabilities of Small Enterprises during Global Crisis Caused by the COVID-19 Pandemic 14. Impact of COVID-19 on risk management in projects 15. Hedging strategy as protection of insured capital during pandemic period 16. COVID-19 pandemic crisis - impact on business and society: summary