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

In: Business Under Crisis, Volume II

Author

Listed:
  • Charis Vlados

    (Democritus University of Thrace
    University of Nicosia)

  • Dimos Chatzinikolaou

    (Democritus University of Thrace)

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.

Suggested Citation

  • Charis Vlados & Dimos Chatzinikolaou, 2022. "Impact of COVID-19 Crisis, Global Transformation Approaches and Emerging Organisational Adaptations: Towards a Restructured Evolutionary Perspective," Palgrave Studies in Cross-disciplinary Business Research, In Association with EuroMed Academy of Business, in: Demetris Vrontis & Alkis Thrassou & Yaakov Weber & S. M. Riad Shams & Evangelos Tsoukatos & Leonidas (ed.), Business Under Crisis, Volume II, chapter 4, pages 65-90, Palgrave Macmillan.
    • Handle: RePEc:pal:pscchp:978-3-030-76575-0_4
    DOI: 10.1007/978-3-030-76575-0_4
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