{"title":"ECONOMIC CONSEQUENCES OF THE COVID-19 PANDEMIC AND CRISIS MANAGEMENT","authors":"F. Stojanović, D. Lončar","doi":"10.7251/joce2003024l","DOIUrl":null,"url":null,"abstract":"The paper is based on an analysis of the consequences of the current economic crisis caused by the COVID-19 pandemic. First of all, the role of crisis management from the practical and theoretical aspect is analyzed. The key economic consequences of the pandemic for individual companies and the economy as a whole have been identified. A proposal of key necessary measures at the state level for overcoming the observed economic disturbances is given. In addition, a set of questions from eight business areas was presented, which serve as a basis for determining the gap in the necessary and current set of crisis management measures taken at the level of an individual organization.","PeriodicalId":41137,"journal":{"name":"International Journal of Contemporary Economics and Administrative Sciences","volume":null,"pages":null},"PeriodicalIF":0.1000,"publicationDate":"2020-07-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"International Journal of Contemporary Economics and Administrative Sciences","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.7251/joce2003024l","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q4","JCRName":"ECONOMICS","Score":null,"Total":0}
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Abstract
The paper is based on an analysis of the consequences of the current economic crisis caused by the COVID-19 pandemic. First of all, the role of crisis management from the practical and theoretical aspect is analyzed. The key economic consequences of the pandemic for individual companies and the economy as a whole have been identified. A proposal of key necessary measures at the state level for overcoming the observed economic disturbances is given. In addition, a set of questions from eight business areas was presented, which serve as a basis for determining the gap in the necessary and current set of crisis management measures taken at the level of an individual organization.
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