Slovak business environment development under the industry 4.0 and global pandemic outbreak issues

Abstract

The current global crisis, triggered by the spread of the Covid-19 virus, is associated with the economic slowdown in many countries as well as global economy. The presented study deals with the social and economic impacts of a coronavirus pandemic issue on economic environment within Slovak companies and other organizations. Based on the executed e-questionnaire survey analysis, the main goal of the paper is to assess the opinions of workers in different types of companies, while the key parameter is the intensity of impacts on the economy development. The survey was conducted within the period of 30th September to 14th October 2020, it involved 302 respondents and provides data on how different groups of people perceive the current situation from the status of an employee -women, men, different age categories, inhabitants of individual regions in Slovak Republic. The data assessment output reveals the selected labor market trends in terms of new employment possibilities. At the same time, the paper demonstrates a relatively negative economic period within the Slovak society, while mapping the overall macroeconomic situation in Slovak Republic and world economy, caused by the global covid-19 pandemic outbreak. Results show that the Industry 4.0 elements adequately incorporated into the organization of labor are the correct tools to handle the current economic crisis affected by pandemic outbreak within the Slovak entrepreneurship environment.

O impacto da pandemia nas relações de trabalho e as estratégias empresariais para o teletrabalho

“…Além disso, Figueira e Costa (2022) realizam uma revisão sistemática da literatura sobre arranjos flexíveis como tendência no futuro do trabalho, e Grenčíková et al (2021) discutem o desenvolvimento do ambiente de negócios eslovaco sob a Indústria 4.0 e questões relacionadas ao surto global da pandemia.…”

“…Entre os principais efeitos, destacam-se o aumento do trabalho remoto e da flexibilidade de horários, mudanças na comunicação e colaboração entre colegas e empresas, aumento da dependência de tecnologia e mudanças na gestão de equipes (RIETH; HAGEMANN, 2021;IRAWANTO et al, 2021;MACCIOTTA et al, 2022; Brazilian Journal of Development, Curitiba, v.9, n.7, p. 22287-22308, jul., 2023 GRENČÍKOVÁ et al, 2021;LECOURS et al, 2022;ONO, 2022;HERRERA et al, 2022;KADAR;REICHER, 2020;DANESHFAR et al, 2022;RAIŠIENĖ et al, 2023;CHAMOUX, 2021). A exemplo, cita-se as mudanças na comunicação e interação, que passaram para o nível virtual (GÓMEZ et al, 2020;DHANPAT et al, 2022;FIGUEIRA;COSTA, 2022;RALPH et al, 2020).…”

“…Brazilian Journal of Development, Curitiba, v.9, n.7, p. 22287-22308, jul., 2023 Em contra ponto, outro efeito foi a necessidade de adaptação das empresas para garantir a segurança e saúde dos trabalhadores, com a implementação de medidas de distanciamento social e higiene no ambiente de trabalho. De um modo geral, houve uma maior preocupação com a saúde e segurança dos trabalhadores, muito provavelmente, tais medidas serão incorporadas na cultura organizacional, sendo um legado do momento vivenciado e que pode ter levado a mudanças nas políticas de saúde ocupacional e segurança do trabalho (HULS et al, 2022;AIDLA et al, 2022;CHAKRABORTY;BHATTACHARYA, 2022;FIGUEIRA;COSTA, 2022;GÓMEZ et al, 2020;GRENČÍKOVÁ et al, 2021;HAIDER;ANWAR, 2023).…”

The Market Structure Simulation of Heterogenous Firms

“…The discussion is still ongoing: although Arkolakis et al (2012) presented their initial findings in this respect on the Armington, Krugman, and Melitz models, subsequent studies carried out by Costinot and Rodriguez-Clare (2014); Melitz and Redding (2015); Balistreri and Tarr (2018); and Marjit and Mandal (2021) showed different results in market structure formation. It is important because differences in factor endowments and used technology across countries determine the pattern of trade (Wyrwa 2020;Marjit and Mandal 2021;Prakash 2021;Elhassnaoui et al 2021;Laužikas et al 2021;Grenčíková et al 2021).…”

Innovative Foreign Direct Investment Policy: Latvia’s Case

“…Especially, MNCs tend to move their business to a «tax haven» (Copola et al, 2021). The business environment affects the performance of companies irrespective of their capital origin; alas, FDI is especially sensitive (Grencíkova et al, 2021). Busse et al (2010) mainly highlight unilateral FDI promotion measures or, in other words, creating a more favorable environment for MNCs.…”