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The Need For Change And Shaping The Post-COVID Business Environment in Romania

In: 16th Economic International Conference NCOE 4.0 2020

Author

Listed:
  • Lucia Morosan-Danila

    (†Stefan cel Mare†University of Suceava, Romania)

  • Otilia-Maria Bordeianu

    (†Stefan cel Mare†University of Suceava, Romania)

Abstract

COVID-19 and the containment policies aimed at controlling it have changed the way people work, the consumer behaviour, forcing most of the businesses to re-configure. During different crisis we have seen many changes, some changes were temporary but also some changes became permanent. Such crises can and will fundamentally reshape our beliefs and behaviours, in terms of our daily lives (at professional and personal level) and economic activities and tendencies. The companies need to prepare for a post-crisis world, rather than waiting for a return to the same conditions in from the past. This paper presents the main changes affecting the business environment today, at European but also national level (focusing on presenting relevant statistics related to the affected companies and fields of activities, the structure of the labour force, level of indebtedness, payment capacity, as well as the associated legal implications) and finally it aims at identifying the practical measures that companies must take to sense, exploit, and re-shape the post-COVID-19 reality. Today, the managers have to find an economically and socially viable path to the next normal.

Suggested Citation

  • Lucia Morosan-Danila & Otilia-Maria Bordeianu, 2020. "The Need For Change And Shaping The Post-COVID Business Environment in Romania," Book chapters-LUMEN Proceedings, in: Carmen NÄ‚STASE (ed.), 16th Economic International Conference NCOE 4.0 2020, edition 1, volume 13, chapter 35, pages 387-397, Editura Lumen.
    • Handle: RePEc:lum:prchap:13-35
    DOI: https://doi.org/10.18662/lumproc/ncoe4.0.2020/35
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    References listed on IDEAS

    as
    1. Boghean Carmen & Boghean Florin & Nastase Carmen & Morosan Danila Lucia, 2010. "Considerations On The Prospects Of The Integration Of The European Financial Markets In The Context Of The Global Crisis," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 1(2), pages 509-515, December.
    2. Maria KLEVTSOVA & Yulia POLOZHENTSEVA & Lucia MOROSAN-DANILA, 2019. "Evaluation Of Signal Indicators Of The Digital Transformation Of The Russian Economy," The USV Annals of Economics and Public Administration, Stefan cel Mare University of Suceava, Romania, Faculty of Economics and Public Administration, vol. 19(1(29)), pages 82-86, June.
    3. Carmen N?stase & Miika Kajanus, 2009. "The Impact of the Global Crisis on SME and Entrepreneurship Bahavior -Romania and Finland Cases," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 11(Number Sp), pages 751-762, November.
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    Citations

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    Cited by:

    1. Lucia Morosan-Danila & Otilia-Maria Bordeianu, 2021. "Tax Facilities for Romanian Companies in Combating the Crisis Generated by COVID-19," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 369-376, August.
    2. Daniel Lucheș & Despina Saghin & Maria-Magdalena Lupchian, 2021. "Public Perception of the First Major SARS-Cov-2 Outbreak in the Suceava County, Romania," IJERPH, MDPI, vol. 18(4), pages 1-16, February.
    3. Pollák František & Vavrek Roman & Váchal Jan & Markovič Peter & Konečný Michal, 2021. "Analysis of Digital Customer Communities in terms of their interactions during the first wave of the COVID-19 pandemic," Management & Marketing, Sciendo, vol. 16(2), pages 134-151, June.
    4. Veronica Grosu & Dorel Mateș & Monica-Laura Zlati & Svetlana Mihaila & Marian Socoliuc & Marius-Sorin Ciubotariu & Simona-Maria Tanasă, 2020. "Econometric Model for Readjusting Significance Threshold Levels through Quick Audit Tests Used on Sustainable Companies," Sustainability, MDPI, vol. 12(19), pages 1-32, October.
    5. Ruxandra Malina Petrescu-Mag & Iris Vermeir & Dacinia Crina Petrescu & Florin Laurentiu Crista & Ioan Banatean-Dunea, 2020. "Traditional Foods at the Click of a Button: The Preference for the Online Purchase of Romanian Traditional Foods during the COVID-19 Pandemic," Sustainability, MDPI, vol. 12(23), pages 1-15, November.
    6. Lucia Morosan-Danila & Claudia-Elena Grigoras-Ichim & Otilia-Maria Bordeianu, 2021. "Telework - Between Obligation and Solution During the COVID-19 Pandemic," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 621-629, August.
    7. Lucia MOROSAN-DANILA, 2022. "The Impact Of Vat In Romania And The Community Area," European Journal of Accounting, Finance & Business, "Stefan cel Mare" University of Suceava, Romania - Faculty of Economics and Public Administration, West University of Timisoara, Romania - Faculty of Economics and Business Administration, vol. 10(1), pages 30-36, February.

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    More about this item

    Keywords

    Business environment; COVID-19; containment policies; crisis; labour force;
    All these keywords.

    JEL classification:

    • A1 - General Economics and Teaching - - General Economics
    • F1 - International Economics - - Trade
    • F3 - International Economics - - International Finance
    • M1 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration
    • R1 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics
    • O3 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights

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