Abstract
The outbreak of the COVID-19 pandemic seems to be structurally transforming the global economy. This article explores how these recent changes impact the different types of organizations and the ways these may adapt in this repositioned context. First, we present the central dimensions of the unfolding health crisis and the subsequent broader socioeconomic crisis. Then, it is argued that this global-scale emerging transformation has brought about fundamental changes in the working environment within the accelerated Fourth Industrial Revolution. The article concludes that all socioeconomic organizations (irrespectively of size and sectoral scope) are now required to grow as swiftly as possible their strategic, technological, and managerial potential to innovate and adapt in this emerging reality. Τhis innovational adaptation to exit this structural crisis seems to be requiring the structuration of corresponding change management mechanisms.
Original language | English |
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Title of host publication | 9th ILERA African Regional Congress: “Challenges Facing Employment Relations, Labour Law and Social Protection to Reduce Poverty, Inequality and Unemployment in Africa, in the wake of a Global Pandemic” |
Publication status | Published - 2021 |
Event | 9th ILERA African Regional Congress: “Challenges Facing Employment Relations, Labour Law and Social Protection to Reduce Poverty, Inequality and Unemployment in Africa, in the wake of a Global Pandemic”, - Duration: 26 Sept 2021 → 29 Sept 2021 https://lerasa.org.za/index.php/docman/ilera-africa-2021/papers-2/track-1-1/129-koutroukis-post-covid19-era-fourth-industrial-revolution |
Conference
Conference | 9th ILERA African Regional Congress: “Challenges Facing Employment Relations, Labour Law and Social Protection to Reduce Poverty, Inequality and Unemployment in Africa, in the wake of a Global Pandemic”, |
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Period | 26/09/21 → 29/09/21 |
Internet address |
Keywords
- Change management
- COVID-19
- Fourth Industrial Revolution
- Innovation
- Labor relations
- Organizational adaptation