COVID-19 pandemic implications for corporate sustainability and society: a literature review (CROSBI ID 310470)
Prilog u časopisu | izvorni znanstveni rad | međunarodna recenzija
Podaci o odgovornosti
Su, Ruixin ; Obrenović, Bojan ; Du, Jianguo ; Godinić, Danijela ; Khudaykulov, Akmal
engleski
COVID-19 pandemic implications for corporate sustainability and society: a literature review
The paper revises the ample empirical and theoretical literature on sustainable organi- zational growth and strategic leadership relating to the critical aspects of the ongoing pandemic, including poverty, social responsibility, public health, and organizational and managerial innovation. Drawing from available COVID-19, management, and sustainable leadership publications released from 2020 to 2021, this paper considers influential studies exploring core business concepts, principles, philosophies, and activities for accelerating, stimulating, and nurturing social and corporate sustain- ability. The study analyzed the characteristics and interrelation of 133 articles through bibliometric and literature systemization techniques. We shed light on the significant influence COVID-19 has had on financial, operational, and psychological solvency and organizational health to elucidate expecta- tions and implications for businesses worldwide concerning the long-term financial and functional impact of COVID-19. An overview of the relevant studies on the individual, organizational, and external factors relating to novel disease’s relation to sustainability are provided. We emphasize the need for digital transformation following the COVID-19 upheaval and throughout the upcoming years. Some of the generally employed techniques in response to adversity entail portfolio diver- sification, service delivery innovation, product redesigning, new market development, partnering with competitors and/or complementary service providers, synergizing with other stakeholders, and open innovation.
corporate sustainability ; COVID-19 pandemic ; crisis management ; leadership ; digital transformation
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Podaci o izdanju
19 (3)
2022.
1592
23
objavljeno
1661-7827
1660-4601
10.3390/ijerph19031592
Povezanost rada
Javno zdravstvo i zdravstvena zaštita