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Slovak business environment development under the industry 4.0 and global pandemic outbreak issues

Author

Listed:
  • Adriana Grenčíková

    (Alexander Dubček University of Trenčín, Slovakia)

  • Valentinas Navickas

    (Alexander Dubček University of Trenčín, Slovakia)

  • Marcel Kordoš

    (Alexander Dubček University of Trenčín, Slovakia)

  • Matej Húževka

    (Alexander Dubček University of Trenčín, Slovakia)

Abstract

The current global crisis, triggered by the spread of the Covid-19 virus, is associated with the economic slowdown in many countries as well as global economy. The presented study deals with the social and economic impacts of a coronavirus pandemic issue on economic environment within Slovak companies and other organizations. Based on the executed e-questionnaire survey analysis, the main goal of the paper is to assess the opinions of workers in different types of companies, while the key parameter is the intensity of impacts on the economy development. The survey was conducted within the period of 30th September to 14th October 2020, it involved 302 respondents and provides data on how different groups of people perceive the current situation from the status of an employee - women, men, different age categories, inhabitants of individual regions in Slovak Republic. The data assessment output reveals the selected labor market trends in terms of new employment possibilities. At the same time, the paper demonstrates a relatively negative economic period within the Slovak society, while mapping the overall macroeconomic situation in Slovak Republic and world economy, caused by the global covid-19 pandemic outbreak. Results show that the Industry 4.0 elements adequately incorporated into the organization of labor are the correct tools to handle the current economic crisis affected by pandemic outbreak within the Slovak entrepreneurship environment.

Suggested Citation

  • Adriana Grenčíková & Valentinas Navickas & Marcel Kordoš & Matej Húževka, 2021. "Slovak business environment development under the industry 4.0 and global pandemic outbreak issues," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 8(4), pages 164-179, June.
    • Handle: RePEc:ssi:jouesi:v:8:y:2021:i:4:p:164-179
    DOI: 10.9770/jesi.2021.8.4(9)
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    More about this item

    Keywords

    home office; work organization; information and communication technologies; COVID-19 pandemic; international economics;
    All these keywords.

    JEL classification:

    • F66 - International Economics - - Economic Impacts of Globalization - - - Labor
    • J16 - Labor and Demographic Economics - - Demographic Economics - - - Economics of Gender; Non-labor Discrimination
    • J21 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Force and Employment, Size, and Structure
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • Q55 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Technological Innovation

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