COVID-19 pandemic influence on global business environment
Keywords:business education, COVID-19 impact, health care system, higher education, online education, social consequences
The aim of the study lies in assessing the transformations of the global business environment due to the spread of the pandemic. The academic paper has determined that COVID-19 has affected all countries of the world and has caused significant economic reductions, increasing inequality, awareness of the importance of technology to support business. Support and development of business in new conditions will depend on the ability to adapt to a new market with new consumer needs. A new market environment has been shaped by the movement restrictions imposed by almost all countries to provide restrain the disease from spreading. The new environment has stimulated businesses to find efficient working conditions and motivate employees, realizing the potential of new ways of working. Due to the growing uncertainty of the global business environment, companies should be more flexible and plan their activities, consumer needs, expand activities within domestic markets. Reorientation and redirection of production will become new ways of adapting under the conditions of limited financial resources. Along with this, the issue arises concerning the social consequences of the pandemic and the global change in habits and needs of the population.
Attamimi, H. R. ., Lestari, Y. ., Situmorang, B. . H. L. ., Antari, G. Y. ., & Nugrawati, N. . (2020). Application of habituation method in germas interventionsin: the pandemic time COVID-19 . International Journal of Health & Medical Sciences, 3(1), 98-104.
Baker, S. R., Bloom, N., Davis, S. J., & Terry, S. J. (2020). COVID-induced economic uncertainty (No. w26983). National Bureau of Economic Research.
Bartik, A. W., Bertrand, M., Cullen, Z., Glaeser, E. L., Luca, M., & Stanton, C. (2020). The impact of COVID-19 on small business outcomes and expectations. Proceedings of the national academy of sciences, 117(30), 17656-17666.
Brittain, K. R., & Shaw, C. (2007). The social consequences of living with and dealing with incontinence—A carers perspective. Social science & medicine, 65(6), 1274-1283. https://doi.org/10.1016/j.socscimed.2007.04.002
Carracedo, P., Puertas, R., & Marti, L. (2021). Research lines on the impact of the COVID-19 pandemic on business. A text mining analysis. Journal of Business Research, 132, 586-593. https://doi.org/10.1016/j.jbusres.2020.11.043
Chakraborty, I., & Maity, P. (2020). COVID-19 outbreak: Migration, effects on society, global environment and prevention. Science of the Total Environment, 728, 138882. https://doi.org/10.1016/j.scitotenv.2020.138882
Craven, M., Liu, L., Mysore, M., & Wilson, M. (2020). COVID-19: Implications for business. McKinsey & Company, 8.
Donthu, N., & Gustafsson, A. (2020). Effects of COVID-19 on business and research. Journal of business research, 117, 284-289. https://doi.org/10.1016/j.jbusres.2020.06.008
European Center for Disease Prevention and Control (2022). Download historical data (to 14 December 2020) on the daily number of new reported COVID-19 cases and deaths worldwide.
Eurostat (2022a). Digital Intensity.
Eurostat (2022b). COVID-19 Impact on ICT usage.
Eurostat (2022c). E-commerce sales.
Eurostat (2022d). Use of computers and the internet by employees.
Eurostat (2022e). GDP and main components (output, expenditure and income).
Fabeil, N. F., Pazim, K. H., & Langgat, J. (2020). The impact of COVID-19 pandemic crisis on micro-enterprises: Entrepreneurs’ perspective on business continuity and recovery strategy. Journal of Economics and Business, 3(2).
Fairlie, R. W. (2020). The impact of COVID-19 on small business owners: Evidence of early-stage losses from the April 2020 current population survey (No. w27309). National Bureau of Economic Research.
Flynn, D., Moloney, E., Bhattarai, N., Scott, J., Breckons, M., Avery, L., & Moy, N. (2020). COVID-19 pandemic in the United Kingdom. Health Policy and Technology, 9(4), 673-691. https://doi.org/10.1016/j.hlpt.2020.08.003
Haleem, A., Javaid, M., Vaishya, R., & Deshmukh, S. G. (2020). Areas of academic research with the impact of COVID-19. The American journal of emergency medicine, 38(7), 1524-1526. https://doi.org/10.1016/j.ajem.2020.04.022
Hasanat, M. W., Hoque, A., Shikha, F. A., Anwar, M., Hamid, A. B. A., & Tat, H. H. (2020). The impact of coronavirus (COVID-19) on e-business in Malaysia. Asian Journal of Multidisciplinary Studies, 3(1), 85-90.
Huang, Y. L., Cárdenas, A. A., Amin, S., Lin, Z. S., Tsai, H. Y., & Sastry, S. (2009). Understanding the physical and economic consequences of attacks on control systems. International Journal of Critical Infrastructure Protection, 2(3), 73-83. https://doi.org/10.1016/j.ijcip.2009.06.001
Jaworski, B., Kohli, A. K., & Sahay, A. (2000). Market-driven versus driving markets. Journal of the academy of marketing science, 28(1), 45-54.
Meyer, B. H., Prescott, B., & Sheng, X. S. (2021). The impact of the COVID-19 pandemic on business expectations. International Journal of Forecasting. https://doi.org/10.1016/j.ijforecast.2021.02.009
Nataliia, V., Barzylovych, A., Zabolotna, A., Boiko, M., & Rybchych, I. (2021). Healthcare facilities management in digitalization context. International Journal of Health Sciences, 5(3), 429-440. https://doi.org/10.53730/ijhs.v5n3.1773
Novoa, R. B. (2021). State of the art and future applications of digital health in Chile. International Journal of Health & Medical Sciences, 4(3), 355-361.
Rakshit, D., & Paul, A. (2020). Impact of COVID-19 on sectors of Indian economy and business survival strategies. Available at SSRN 3620727.
Seetharaman, P. (2020). Business models shifts: Impact of COVID-19. International Journal of Information Management, 54, 102173. https://doi.org/10.1016/j.ijinfomgt.2020.102173
Tolmacheva, S., Tkachev, A., & Shamshin, M. (2021). The impact of the pandemic on moral panics in society. International Journal of Health Sciences, 5(3), 232-243. https://doi.org/10.53730/ijhs.v5n3.1485
Vargo, S. L., & Lusch, R. F. (2011). It's all B2B… and beyond: Toward a systems perspective of the market. Industrial marketing management, 40(2), 181-187. https://doi.org/10.1016/j.indmarman.2010.06.026
Whitelaw, S., Mamas, M. A., Topol, E., & Van Spall, H. G. (2020). Applications of digital technology in COVID-19 pandemic planning and response. The Lancet Digital Health, 2(8), e435-e440. https://doi.org/10.1016/S2589-7500(20)30142-4
Widana, I.K., Sumetri, N.W., Sutapa, I.K., Suryasa, W. (2021). Anthropometric measures for better cardiovascular and musculoskeletal health. Computer Applications in Engineering Education, 29(3), 550–561. https://doi.org/10.1002/cae.22202
How to Cite
Copyright (c) 2022 International journal of health sciences
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
Articles published in the International Journal of Health Sciences (IJHS) are available under Creative Commons Attribution Non-Commercial No Derivatives Licence (CC BY-NC-ND 4.0). Authors retain copyright in their work and grant IJHS right of first publication under CC BY-NC-ND 4.0. Users have the right to read, download, copy, distribute, print, search, or link to the full texts of articles in this journal, and to use them for any other lawful purpose.
Articles published in IJHS can be copied, communicated and shared in their published form for non-commercial purposes provided full attribution is given to the author and the journal. Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgment of its initial publication in this journal.
This copyright notice applies to articles published in IJHS volumes 4 onwards. Please read about the copyright notices for previous volumes under Journal History.