The current umprecedented time that the business environment is going trough, due to the Sars-Cov-2 pandemic, has generated in the last year and a half an economic and social crisis that forced the companies to change the way they operate and even think. An economic crisis and in this case a medical crisis, is also a facilitator for change within a company and by this paper, we aim to understand the factors that generate change, the concepts of crisis and crisis management along with the dimensions of crisis, along side the presentation of Kotler’s Chaotics model, applied on the current crisis. But at the same time, we are presenting some statistics and management strategies and actions that have and must be taken in order tro reduce the impact of the pandemic and also to benefit from the opportunities generated by said crisis, while concluding on the need for change and improving the business strategic objectives trough increased resilience and the implementation of actions that lead to operational and organisational resilience.
Keywords
- business environment
- crisis
- strategy
- change
- Sars-Cov-2
Modeling the Impacts of MSMEs’ Contributions to GDP and their Constraints on Unemployment: The Case of African’s Most Populous Country Corporate Governance in Romania: The Board Structure an Overview of Betplus Companies Exploring Romania’s Digital Gap - What is Under the Water, If this is Only the Tip of the Iceberg? Perception of Students and Master Students from the Western Part of Romania Over the Digitalization Process in the Accounting Education How Important is Corporate Governance Features and the Lags on Audit Reports in Firm Performance: The Case of Turkey Determinants Analysis of Islamic and Conventional Banks Systemic Risk Potentiality: A Preliminary Study Information Accessibility and Market Responsiveness: The Mediating Relational Capability to Enhance Business Performance The Importance of Sustainability for University Competitiveness The Move Towards Cashless Society: How to Improve Consumers’ Use of Bank Cards in Retail Stores? Determinants of Consumer Attitudes Towards Social Media Advertising: Evidence from the Turkish Airline Industry Effects of Heterogeneous Institutional Investors on the Performance of Portuguese Banks Role of Economic Factors in Property Liability Insurance Consumption: Empirically Examining the Indian Market Non-Oil Sectors, Economic Diversification and Growth in Nigeria: Further Empirical Evidence Access of Technology as a Mediator on Access to Finance to Drive Business Innovation in Small to Medium-Sized Enterprises Considerations Upon the Effects of Covid-19 Pandemic on the Romanian Economic Environment Are The Effect of Housing Prices on Bank Performance Different Among Korean Commercial, Regional and Specialized Banks? Marketing and Socio-Psychological Factors Influencing Consumption Bakery Product in Thailand Investigation of the Role of Change in Utility Function Components and Its Effect on Smooth the Dynamic Movement Path of Model Variables Tunneling Through Private Equity Placements: Evidence from Japan Foreign Ownership and Productivity of Food Industries in Indonesia