IDEAS home Printed from https://ideas.repec.org/a/rom/merase/v5y2020i2p246-254.html
   My bibliography  Save this article

The Impact of the Epidemic Generated by the SARS-COV-2 Virus in the Context of the VUCA World

Author

Listed:
  • Mihaela MINCIU

    (Bucharest University of Economic Studies, Romania)

  • Razvan Catalin DOBREA

    (Bucharest University of Economic Studies, Romania)

  • Camelia STAICULESCU

    (Bucharest University of Economic Studies, Romania)

  • Bogdan ?tefan STOICA

    (Bucharest University of Economic Studies, Romania)

Abstract

In a volatile, uncertain, complex and ambiguous business environment (VUCA environment) organizations often face changes, being forced to update their strategy in order to maintain or increase their competitive advantage. In the context of the SARS-CoV-2 pandemic, all organizations regardless of their area of activity had to devise a fast-track action plan so that they could continue their work even in a new world - an uncertain world with many changes, from one hour to another. Therefore, the purpose of this paper is to reveal the connection between the VUCA business environment and the SARS-CoV-2 pandemic context, respectively the way in which organizational change analyzed through the VUCA world could influence the activity of organizations in the pandemic context. In order to achieve these objectives, a systematic review was conducted. Starting from the present studies and researches, this paper aims to present the main components of the VUCA world and how they influence organizational change, the implications that the pandemic context had on the activity organizations, changes in the style of coordination and leadership of organizations caused by SARS-CoV-2, as well as the new skills and competencies that employees of organizations must acquire in order to cope with an insecure and complex business environment. The results showed that taking into account the aspects characteristic of the VUCA world can play a decisive role when a crisis situation arises, such as that created by SARS - CoV-2.

Suggested Citation

  • Mihaela MINCIU & Razvan Catalin DOBREA & Camelia STAICULESCU & Bogdan ?tefan STOICA, 2020. "The Impact of the Epidemic Generated by the SARS-COV-2 Virus in the Context of the VUCA World," Management and Economics Review, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 5(2), pages 246-254, December.
    • Handle: RePEc:rom:merase:v:5:y:2020:i:2:p:246-254
    as

    Download full text from publisher

    File URL: https://mer.ase.ro/files/2020-2/5-2-5.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Edna Rabenu & Aharon Tziner, 2018. "Adapting to the New Era: Necessary Steps for Advancing a Robust Science," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 20(48), pages 470-470.
    2. repec:aud:audfin:v:20:y:2018:i:48:p:470 is not listed on IDEAS
    3. Ika Darnhofer, 2020. "Farm resilience in the face of the unexpected: lessons from the COVID-19 pandemic," Agriculture and Human Values, Springer;The Agriculture, Food, & Human Values Society (AFHVS), vol. 37(3), pages 605-606, September.
    4. Gerard Cazabat & Mihaela Gabriela Belu & Ioan Popa & Dorel Mihai Paraschiv, 2017. "Models and Practice of Retail Location on the Romanian Market," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 19(45), pages 493-493, May.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Evelien Cronin & Sylvie Fosselle & Elke Rogge & Robert Home, 2021. "An Analytical Framework to Study Multi-Actor Partnerships Engaged in Interactive Innovation Processes in the Agriculture, Forestry, and Rural Development Sector," Sustainability, MDPI, vol. 13(11), pages 1-19, June.
    2. Zuzana Hloušková & Michaela Lekešová & Anna Prajerová & Tomáš Doucha, 2022. "Assessing the Economic Viability of Agricultural Holdings with the Inclusion of Opportunity Costs," Sustainability, MDPI, vol. 14(22), pages 1-15, November.
    3. Celal Cevher & Bulent Altunkaynak & Meltem Gürü, 2021. "Impacts of COVID-19 on Agricultural Production Branches: An Investigation of Anxiety Disorders among Farmers," Sustainability, MDPI, vol. 13(9), pages 1-18, May.
    4. Thomas Slijper & Yann de Mey & P Marijn Poortvliet & Miranda P M Meuwissen, 2022. "Quantifying the resilience of European farms using FADN," European Review of Agricultural Economics, Oxford University Press and the European Agricultural and Applied Economics Publications Foundation, vol. 49(1), pages 121-150.
    5. Perrin, Augustine & Martin, Guillaume, 2021. "Resilience of French organic dairy cattle farms and supply chains to the Covid-19 pandemic," Agricultural Systems, Elsevier, vol. 190(C).
    6. Silvius Stanciu & Florina Oana Virlanuta & Oana Alexandra Vochin & Romeo Victor Ionescu & Valentin Marian Antohi, 2019. "Fast Moving Consumer Goods (FMCG) Market in Romania. Features and Trends," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 21(S13), pages 778-778, November.
    7. Florence A. Becot & Shoshanah M. Inwood, 2022. "Medical economic vulnerability: a next step in expanding the farm resilience scholarship," Agriculture and Human Values, Springer;The Agriculture, Food, & Human Values Society (AFHVS), vol. 39(3), pages 1097-1116, September.
    8. Durant, Jennie L. & Asprooth, Lauren & Galt, Ryan E. & Schmulevich, Sasha Pesci & Manser, Gwyneth M. & Pinzón, Natalia, 2023. "Farm resilience during the COVID-19 pandemic: The case of California direct market farmers," Agricultural Systems, Elsevier, vol. 204(C).
    9. Krisztina Melinda DOBAY, 2022. "The Resilience Of Agricultural Cooperatives In The Covid-19 Pandemic Time. Evidence From Romania," Agricultural Economics and Rural Development, Institute of Agricultural Economics, vol. 19(1), pages 13-30.
    10. Sarah King & Amy McFarland & Jody Vogelzang, 2022. "Food sovereignty and sustainability mid-pandemic: how Michigan’s experience of Covid-19 highlights chasms in the food system," Agriculture and Human Values, Springer;The Agriculture, Food, & Human Values Society (AFHVS), vol. 39(2), pages 827-838, June.
    11. Mrozek, Michał, 2022. "Indian Agriculture and Rural Economy in Terms of the COVID-19 Pandemic," Problems of World Agriculture / Problemy Rolnictwa Światowego, Warsaw University of Life Sciences, vol. 22(4), December.
    12. Mastronardi, Luigi & Cavallo, Aurora & Romagnoli, Luca, 2022. "How did Italian diversified farms tackle Covid-19 pandemic first wave challenges?," Socio-Economic Planning Sciences, Elsevier, vol. 82(PA).
    13. Rivera-Ferre, Marta G. & López-i-Gelats, Feliu & Ravera, Federica & Oteros-Rozas, Elisa & di Masso, Marina & Binimelis, Rosa & El Bilali, Hamid, 2021. "The two-way relationship between food systems and the COVID19 pandemic: causes and consequences," Agricultural Systems, Elsevier, vol. 191(C).
    14. Michał Dudek & Ruta Śpiewak, 2022. "Effects of the COVID-19 Pandemic on Sustainable Food Systems: Lessons Learned for Public Policies? The Case of Poland," Agriculture, MDPI, vol. 12(1), pages 1-19, January.
    15. Yu Sun & Feng Lian & Zhong-Zhen Yang, 2022. "Optimizing the location of physical shopping centers under the clicks-and-mortar retail mode," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 24(2), pages 2288-2314, February.
    16. T. S. Amjath-Babu & Timothy J. Krupnik & Shakuntala H. Thilsted & Andrew J. McDonald, 2020. "Key indicators for monitoring food system disruptions caused by the COVID-19 pandemic: Insights from Bangladesh towards effective response," Food Security: The Science, Sociology and Economics of Food Production and Access to Food, Springer;The International Society for Plant Pathology, vol. 12(4), pages 761-768, August.
    17. Alexandru Jurconi & Ioana Maria Popescu (Iacobescu) & Daniela-Ioana Manea & Mihaela Mihai & Rodica Pamfilie, 2022. "The Impact of the “Green Transition” in the Field of Food Packaging on the Behavior of Romanian Consumers," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 24(60), pages 395-395, April.
    18. Ika Darnhofer, 2021. "Farming Resilience: From Maintaining States towards Shaping Transformative Change Processes," Sustainability, MDPI, vol. 13(6), pages 1-21, March.
    19. Bretford Griffin & Valentina Hartarska & Denis Nadolnyak, 2020. "Credit Constraints and Beginning Farmers’ Production in the U.S.: Evidence from Propensity Score Matching with Principal Component Clustering," Sustainability, MDPI, vol. 12(14), pages 1-12, July.
    20. von Münchhausen, Susanne & Kirwan, James & Maye, Damian & Muñoz-Rojas, José & Pinto-Correia, Teresa & Prosperi, Paolo & Vergamini, Daniele, 2023. "Enacted relations and the resilience of territorially embedded production systems in Europe," Land Use Policy, Elsevier, vol. 134(C).

    More about this item

    Keywords

    organizational change; transformation; SARS–CoV–2; VUCA;
    All these keywords.

    JEL classification:

    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • H12 - Public Economics - - Structure and Scope of Government - - - Crisis Management
    • J53 - Labor and Demographic Economics - - Labor-Management Relations, Trade Unions, and Collective Bargaining - - - Labor-Management Relations; Industrial Jurisprudence

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:rom:merase:v:5:y:2020:i:2:p:246-254. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Ciocoiu Nadia Carmen (email available below). General contact details of provider: https://edirc.repec.org/data/mnasero.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.