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Conclusion: Resilience—What’s Next?

In: Resilience and Regional Dynamics

Author

Listed:
  • Eric Vaz

    (Ryerson University)

  • Teresa Noronha

    (University of the Algarve)

  • Hugo Pinto

    (University of the Algarve)

Abstract

The previous chapters of this book did not explore the concept of resilience from the perspective of firms. Corporations, including small and medium-sized firms, are those to function as the real engines of the productive processes. They have been under extreme cost reduction policies due to great instability related to both medium-term severe technological change and numerous volatilities expected within the financial markets. To maximize potential cost reduction and mitigate loss, companies are obliged to add flexibility to their whole production process using salary reduction. It is predicted that continuous excessive downsizing will no longer be a sustainable solution for these issues.

Suggested Citation

  • Eric Vaz & Teresa Noronha & Hugo Pinto, 2018. "Conclusion: Resilience—What’s Next?," Advances in Spatial Science, in: Hugo Pinto & Teresa Noronha & Eric Vaz (ed.), Resilience and Regional Dynamics, chapter 0, pages 251-255, Springer.
    • Handle: RePEc:spr:adspcp:978-3-319-95135-5_13
    DOI: 10.1007/978-3-319-95135-5_13
    as

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