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Novel Insights in the Leadership in Business and Economics: A Post-Coronavirus Update

Author

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  • Wadim Strielkowski

    (Energy Economics & Policy Research Group, Cambridge Institute for Advanced Studies, King Str. 23, Cambridge CB1 1AH, UK
    Department of Trade and Finance, Faculty of Economics and Management, Czech University of Life Sciences Prague, Kamýcká 129, 165 00 Prague, Czech Republic)

  • Irina Firsova

    (Department of Logistics and Marketing, Faculty of Economics and Business, Financial University under the Government of the Russian Federation, Leningradskiy Prospekt 55, 125993 Moscow, Russia)

  • Svetlana Azarova

    (Department of Logistics and Marketing, Faculty of Economics and Business, Financial University under the Government of the Russian Federation, Leningradskiy Prospekt 55, 125993 Moscow, Russia)

  • Irina Shatskaya

    (Department of Economics, Institute of Management Technologies, MIREA—Russian Technological University, Vernadskogo Prospekt 78, 119454 Moscow, Russia)

Abstract

Our world is evolving at an incredibly enormous speed and what was impossible three years ago is now a reality. The concept of leadership and leaders has also undergone profound transformations. Moreover, the recent COVID-19 pandemic caused a digital surge in the ways economic life, business, or education are perceived or conducted. The pandemic proved that small and large businesses, industries, and the whole economies can be suddenly upended by massive technological shifts. Hence, there is a need for a theoretical research update in leadership in business and economics that would bring new insights into this topic and define its place within the context of Sustainable Development Goals (SDGs). Our paper presents the novel insights for the leaders and the leadership concept in business and economics from various approaches and angles of view in the light of the COVID-19 pandemic with a focus on sustainable leadership and organizational resilience. It aims at outlying the theoretical background of leadership in business and economics after the pandemic and bringing up interesting and recent leadership case studies from all around of the world. Moreover, this paper aims as sharing the valuable insights into what it means to be a sustainable leader in business and economics, why leaders are needed, and how to become one. The main criteria of this research and its instrumentation include both the theoretical discussion based on the literature review and analysis and the empirical analysis that supports these theoretical provisions. The paper features an empirical model that assesses how business and economic leaders are searching for new ways of work and personal development during and after the COVID-19 pandemic using the own data from the 400 respondents collected in the Czech Republic and Russia. We found that the pandemic enhanced the emotional creativity of business and economic leaders and made them to invest and engage more into using new digital technologies and fundamentally altering the old ways of managing and governing their respective companies and institutions. Our results might provide valuable food for thought both for academics working on various angles of leadership, as well as for entrepreneurs and businesspeople who want to receive recent updates on the topic of leadership to use them in their daily work.

Suggested Citation

  • Wadim Strielkowski & Irina Firsova & Svetlana Azarova & Irina Shatskaya, 2022. "Novel Insights in the Leadership in Business and Economics: A Post-Coronavirus Update," Economies, MDPI, vol. 10(2), pages 1-20, February.
    • Handle: RePEc:gam:jecomi:v:10:y:2022:i:2:p:48-:d:749710
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    References listed on IDEAS

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    Cited by:

    1. Larisa Gorina & Marina Gordova & Irina Khristoforova & Lyudmila Sundeeva & Wadim Strielkowski, 2023. "Sustainable Education and Digitalization through the Prism of the COVID-19 Pandemic," Sustainability, MDPI, vol. 15(8), pages 1-18, April.
    2. Sooksan Kantabutra, 2022. "Toward a System Theory of Corporate Sustainability: An Interim Struggle," Sustainability, MDPI, vol. 14(23), pages 1-27, November.
    3. Tatiana Goloshchapova & Vladimir Yamashev & Natalia Skornichenko & Wadim Strielkowski, 2023. "E-Government as a Key to the Economic Prosperity and Sustainable Development in the Post-COVID Era," Economies, MDPI, vol. 11(4), pages 1-23, April.
    4. Vitaly Kaftan & Wadim Kandalov & Igor Molodtsov & Anna Sherstobitova & Wadim Strielkowski, 2023. "Socio-Economic Stability and Sustainable Development in the Post-COVID Era: Lessons for the Business and Economic Leaders," Sustainability, MDPI, vol. 15(4), pages 1-18, February.

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