Risks of Entrepreneurship amid the COVID-19 Crisis

Litvinova, Tatiana N.

doi:10.3390/risks10080163

Cited by 8 publications

(5 citation statements)

References 53 publications

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“…The loss of competitive advantages is usually accompanied by the ousting of business from the market (Kharlanov et al 2022). Under the conditions of the COVID-19 pandemic and crisis, the opportunities to implement innovations were limited due to the deficit of investments in the development of business, which raises the risk of reduction in competitiveness of business (Kolchin et al 2023;Litvinova 2022). The aggregate increase in the risks for business on the whole, in the macro-economic scale under the conditions of the COVID-19 pandemic and crisis, was reflected by Kyung and Whitney (2020).…”

Section: Risks For Russian It Companies Amid the Covid-19 Crisis: Lit...mentioning

confidence: 99%

Dataset Analysis of the Risks for Russian IT Companies Amid the COVID-19 Crisis

Vorozheykina

Shchetinin

Semenova

et al. 2023

Risks

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The motivation for this research was to strive towards specifying the risks for businesses under the conditions of the COVID-19 pandemic and crisis in the IT sector in Russia. This paper is aimed at performing a dataset analysis of the risks for Russian IT companies amid the COVID-19 crisis. The sample contains the top 100 largest IT companies in Russia in 2020 and covers the data on these companies for 2019–2020. The influence of the COVID-19 crisis pandemic on the risks for IT companies in Russia is assessed with the help of the authors’ methodological approach to the dataset analytics of companies’ risks with the use of the method of trend analysis, analysis of variance and the hierarchical synthesis concept by T. Saaty. A specific feature of the authors’ methodological approach is its taking into account of the pre-crisis level of risks for companies. Due to this, the authors’ methodological approach allows for the most precise and correct determination of the scale and character of the influence of the COVID-19 pandemic and crisis on the risks for companies. The role of human resources in the management of risks for IT companies under the conditions of the COVID-19 pandemic and crisis in Russia is determined with the help of regression analysis; the regularity of the change in revenue, and the position of the company in the ranking (its competitiveness) in terms of the growth of the number of employees, are described mathematically. The key conclusions are that the influence of the COVID-19 pandemic and crisis on the risks for IT companies in Russia in 2020 was weak, and human resources played an important role in risk management. The theoretical significance of the paper lies in its rethinking of human resources management of Russian IT companies from the position of risk amid the COVID-19 crisis. The practical significance of the authors’ conclusions lies in the discovery of the high risk resilience of Russian IT companies to the pandemic and the formation of their risk profile amid the COVID-19 crisis, in which the main, though low, risk is the risk of reduction in competitiveness, whilst the risk of reduction in revenue is minimal.

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Section: Risks For Russian It Companies Amid the Covid-19 Crisis: Lit...mentioning

confidence: 99%

Dataset Analysis of the Risks for Russian IT Companies Amid the COVID-19 Crisis

Vorozheykina

Shchetinin

Semenova

et al. 2023

Risks

View full text Add to dashboard Cite

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“…This paper is based on scientific provisions of the concept of risks for companies, which defines them as risks of deterioration in companies' position in the global rankings due to the reduction in indicators of business activity, financial performance, and investment attractiveness (competitiveness of revenues and profits) (Kolchin et al 2023;Sozinova and Popkova 2023). The indicators used for quantifying risks are the annual increase in rank (position in the ranking of companies) and the revenues and profits of companies (Abdelwahed and Soomro 2023;Litvinova 2022;Yeşilda g 2019).…”

Section: Literature Review and Gap Analysismentioning

confidence: 99%

Risks for Companies during the COVID-19 Crisis: Dataset Modelling and Management through Digitalisation

Skryl,

Gerasimova,

Chutcheva

et al. 2023

Risks

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The goal is to create a systemic risk profile of companies during the COVID-19 crisis, which reflects their cause-and-effect relationships and risk management. The research objects are the following types of risks for companies listed in “Global-500” (Fortune) and the top 55 most competitive digital economies of the world (IMD) in 2017–2022: (1) risk of reduction in competitiveness (rank), (2) risk of reduction in revenue, and (3) risk of reduction in profit. The research methodology is based on the method of structural equation modelling (SEM), which allowed for exploring the cause-and-effect relationships between risk changes and digital risk management for companies during the COVID-19 crisis. As a result, based on the SEM model, it was proven that risks for companies during the COVID-19 crisis only slightly increased compared with that at the pre-crisis level. It was determined that companies faced large risks during the COVID-19 crisis in developed countries. It was discovered that, due to successful adaptation, risk management of companies assuaged the manifestations of the COVID-19 crisis in the economy. The key conclusion is that, under the conditions of a crisis of a non-economic nature (e.g., the COVID-19 crisis), companies independently and successfully manage their risks with the help of measures of digitalisation: corporate risk management with the limitation of state intervention is preferable. The contribution to the literature consists of the development of the concept of risks for companies by clarifying the specifics of risks and risk management of companies during the COVID-19 crisis. The theoretical significance lies in the fact that the authors’ conclusions rethought the risks for companies under the conditions of a crisis given the special context of a crisis of a non-economic nature (via the example of the COVID-19 crisis). The practical significance is that the developed novel approach to risk management of companies through digitalisation, which is based on the experience of the COVID-19 crisis, will be useful for risk management of companies under the conditions of future crises of non-economic nature caused by epidemics/pandemics and/or environmental disasters.

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“…Many publications have also been devoted to the impact of the coronavirus on human health and psyche or entrepreneurship (Litvinova, 2022), while less attention has been devoted to the inadequacies of administrative operations and the lack of proper crisis management guidelines.…”

Section: Introductionmentioning

confidence: 99%

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2024

SPSUTOM

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The aim of the study is to determine the role of multimedia technologies used in architecture for socially significant communication. It is important to answer the following question: Can the content and graphic shapes included in the façade be used to shape public awareness and create social identity? One of the objectives is to examine the marketing potential of a message included in an image on a façade, and the possibilities of using it in building a region's brand. Design/methodology/approach: The examination included 15 buildings in which various multimedia technologies were used with the intention to create a message. Among the solutions applied in these objects are those in which the message is composed directly, by a metaphor, or indirectly in combination with the architectural features. The research material was analysed, and groups of useful subjects were selected for further investigation: -Promotion of a town.-Accentuating the location.-Accentuating the importance of events.-Popularisation of art.-Façade as a display and information channel. Findings: groups of subjects were selected, which might be used in creating social integration and regional marketing. Research limitations/implications:The below research is of preliminary character. In next steps, other aspects could be added, e.g. multimedia technologies, or seeking means of expression, methods of building images. Practical implications: The article presents the possibilities that multimedia systems offer in the area of message creation. It could potentially give direction to decision-makers with regard to their marketing activities, or the efforts to accentuate certain public functions of a town or region. The results of this research may interest investors, architects, and artists. The anticipated effect is that both awareness and the frequency of using multimedia systems will grow. Social implications: The article discusses the questions of the social role of art and façade graphics in architecture. It examines the effects of a message contained in an image on the issues of social identity and developing bonds. Originality/value: The study proves that façade graphics have a substantial impact, and it shows the possibilities of using such graphics in regional marketing; it also mentions their form, scope, and means.

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Risks of Entrepreneurship amid the COVID-19 Crisis

Cited by 8 publications

References 53 publications

Dataset Analysis of the Risks for Russian IT Companies Amid the COVID-19 Crisis

Dataset Analysis of the Risks for Russian IT Companies Amid the COVID-19 Crisis

Risks for Companies during the COVID-19 Crisis: Dataset Modelling and Management through Digitalisation

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