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Change Management, Organizational Adaptation, and Labor Market Restructuration: Notes for the Post-COVID-19 Era

Author

Listed:
  • Vlados, Charis

    (Democritus University of Thrace, Department of Economics)

  • Koutroukis, Theodore

    (Democritus University of Thrace, Department of Economics)

  • Chatzinikolaou, Dimos

    (Democritus University of Thrace, Department of Economics)

Abstract

The recent transformation caused by the COVID-19 pandemic crisis drives the world economy to an accelerated mutation. This chapter focuses on how the current developments affect the various socioeconomic organizations and systems and how they can adapt to this new emerging reality. To this end, relevant forecasts on the current pandemic crisis are examined. Τhis crisis seems to cause the acceleration of the Fourth Industrial Revolution, functioning as a catalyst of the structural changes also observed in the working environment. The chapter suggests that all socioeconomic organizations (irrespectively of their size, spatial reach, and sectorial focus) are called upon nowadays to readjust themselves and that innovation is the fundamental generator for exiting the ongoing structural crisis. However, innovation unavoidably creates significant changes that socioeconomic organizations must manage effectively in the foreseeable future, according to a new way of perceiving organizational resilience and adaptability for the post-COVID-19 era.

Suggested Citation

  • Vlados, Charis & Koutroukis, Theodore & Chatzinikolaou, Dimos, 2021. "Change Management, Organizational Adaptation, and Labor Market Restructuration: Notes for the Post-COVID-19 Era," DUTH Research Papers in Economics 15-2021, Democritus University of Thrace, Department of Economics.
  • Handle: RePEc:ris:duthrp:2021_015
    Note: In Popescu, C.R (Ed). COVID-19 Pandemic Impact on New Economy Development and Societal Change (pp. 1-21). IGI Global. ISBN: 9781668433744.
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    More about this item

    Keywords

    Fourth Industrial Revolution; Post-COVID-19 Era; Evolutionary Organizational Adaptation; Neo-Schumpeterian Innovation; Post-COVID-19 Change Management; Post-COVID-19 Working Environment;
    All these keywords.

    JEL classification:

    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • F66 - International Economics - - Economic Impacts of Globalization - - - Labor
    • M19 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Other
    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General

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