Pub Date : 2023-03-30DOI: 10.9770/jesi.2023.10.3(16)
Mustafa Sami Mencet, R. Gabdyssalyk
Many scientific studies highlight emergency distance education's two fundamental problems during the COVID-19 pandemic. The first is the large number of students who need more access to communication technologies, and the second is the digital incompetence of educators and students. This study, which was prepared by Turkish and Kazakh academics working within the scope of the Bolashak scholarship program, aims to question the cooperation potentials for the development of distance education, which will become more critical in the future, and to propose policies to solve the main problems in the pandemic. In this context, the issues in Turkey and Kazakhstan during the pandemic were collected and generalised. SWOT analyses were conducted for the potential of cooperation between the two countries and both countries' exchange/internship programs. The findings show that both countries have intense distance education experiences, cooperation potential, and sufficient opportunities to strengthen weak elements by developing mobility and scholarship programs. Several strategies are suggested for these improvements. These recommendations provide a perspective for these two countries and all countries continuing distance education after the pandemic.
{"title":"How can distance learning offer opportunities for developing countries? Case of Turkey and Kazakhstan","authors":"Mustafa Sami Mencet, R. Gabdyssalyk","doi":"10.9770/jesi.2023.10.3(16)","DOIUrl":"https://doi.org/10.9770/jesi.2023.10.3(16)","url":null,"abstract":"Many scientific studies highlight emergency distance education's two fundamental problems during the COVID-19 pandemic. The first is the large number of students who need more access to communication technologies, and the second is the digital incompetence of educators and students. This study, which was prepared by Turkish and Kazakh academics working within the scope of the Bolashak scholarship program, aims to question the cooperation potentials for the development of distance education, which will become more critical in the future, and to propose policies to solve the main problems in the pandemic. In this context, the issues in Turkey and Kazakhstan during the pandemic were collected and generalised. SWOT analyses were conducted for the potential of cooperation between the two countries and both countries' exchange/internship programs. The findings show that both countries have intense distance education experiences, cooperation potential, and sufficient opportunities to strengthen weak elements by developing mobility and scholarship programs. Several strategies are suggested for these improvements. These recommendations provide a perspective for these two countries and all countries continuing distance education after the pandemic.","PeriodicalId":47127,"journal":{"name":"Entrepreneurship and Sustainability Issues","volume":" ","pages":""},"PeriodicalIF":1.7,"publicationDate":"2023-03-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42703510","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-03-30DOI: 10.9770/jesi.2023.10.3(2)
Jevgenij Gladevich
. Assessment of innovation potential is becoming an increasingly urgent problem. Many scientists and researchers are interested in this issue, alas, evaluate innovation potential differently. Some scholars emphasize resources, while others think about the achieved result. Another group of researchers focus on the transition process from resources to results while evaluating innovation potential. This paper attempts to integrate the three basic approaches (resource, process and resulting) and suggest a combination of known innovation potential assessment methods. The author claims that the innovation development goal is the result (abilities) and initial resources (opportunities) and stresses a process of transformation into an innovative product. The author offers an original definition of the innovation potential of a region. Complex evaluation with the sum method leads to an original integral indicator. Selected geographical areas are grouped into quintiles; the obtained results are depicted on maps for more convenient perception and visualization. The obtained results are interpreted, and policy implications are suggested.
{"title":"Assessment of the innovation potential of the selected regions","authors":"Jevgenij Gladevich","doi":"10.9770/jesi.2023.10.3(2)","DOIUrl":"https://doi.org/10.9770/jesi.2023.10.3(2)","url":null,"abstract":". Assessment of innovation potential is becoming an increasingly urgent problem. Many scientists and researchers are interested in this issue, alas, evaluate innovation potential differently. Some scholars emphasize resources, while others think about the achieved result. Another group of researchers focus on the transition process from resources to results while evaluating innovation potential. This paper attempts to integrate the three basic approaches (resource, process and resulting) and suggest a combination of known innovation potential assessment methods. The author claims that the innovation development goal is the result (abilities) and initial resources (opportunities) and stresses a process of transformation into an innovative product. The author offers an original definition of the innovation potential of a region. Complex evaluation with the sum method leads to an original integral indicator. Selected geographical areas are grouped into quintiles; the obtained results are depicted on maps for more convenient perception and visualization. The obtained results are interpreted, and policy implications are suggested.","PeriodicalId":47127,"journal":{"name":"Entrepreneurship and Sustainability Issues","volume":" ","pages":""},"PeriodicalIF":1.7,"publicationDate":"2023-03-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46784472","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-03-30DOI: 10.9770/jesi.2023.10.3(17)
Luca Buzzanca, Caterina Conigliani, V. Costantini
. The literature identifies three main drivers for forced migration, namely conflict, food insecurity, and natural and man-made disasters, although finds no empirical consensus on the association between climate change and migrations. Aim of this study is to identify the different push and pull factors of forced migration in different regions of the world by means of gravity-type models. Particular attention is devoted to determining the effects of climatic factors and conflicts, while controlling for the economic, political and social relationship between the origin and the destination countries. We model both total forced migration, that includes refugees, asylum seekers, internal displacements
{"title":"Conflicts and natural disasters as drivers of forced migrations in a gravity-type approach","authors":"Luca Buzzanca, Caterina Conigliani, V. Costantini","doi":"10.9770/jesi.2023.10.3(17)","DOIUrl":"https://doi.org/10.9770/jesi.2023.10.3(17)","url":null,"abstract":". The literature identifies three main drivers for forced migration, namely conflict, food insecurity, and natural and man-made disasters, although finds no empirical consensus on the association between climate change and migrations. Aim of this study is to identify the different push and pull factors of forced migration in different regions of the world by means of gravity-type models. Particular attention is devoted to determining the effects of climatic factors and conflicts, while controlling for the economic, political and social relationship between the origin and the destination countries. We model both total forced migration, that includes refugees, asylum seekers, internal displacements","PeriodicalId":47127,"journal":{"name":"Entrepreneurship and Sustainability Issues","volume":" ","pages":""},"PeriodicalIF":1.7,"publicationDate":"2023-03-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43595767","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-03-30DOI: 10.9770/jesi.2023.10.3(14)
Dainius Genys
. The passionate debate prevails in Lithuanian public discourse about the results of individuals in subjects such as mathematics, the Lithuanian language, etc., but very rarely about pupils' humanity and readiness to become independent members of society. The educational shift to distance learning (during the pandemic) has changed the whole structure of the educational process almost overnight, and such symbolic elements as the authority, status, order and dignity of the teacher, as well as the sense of community, diminished. It is clear that distance learning has its advantages, but it also has its uncertainties, and the long-term consequences still need to be generally known today. The academic intrigue of this paper stems from the question of how the digitalization of education may affect civic education and its outcomes from a political sociology perspective. Drawing on Kavolis' model of psychological modernization, the paper seeks to identify the potential groups that emerge in the digitalization of education and rationalize their worldviews and civic action features. Framing the process of digitizing schooling within the classical political sociology framework will highlight the likely future profiles of civil society groups.
{"title":"Digitalization of civic education: risks and challenge","authors":"Dainius Genys","doi":"10.9770/jesi.2023.10.3(14)","DOIUrl":"https://doi.org/10.9770/jesi.2023.10.3(14)","url":null,"abstract":". The passionate debate prevails in Lithuanian public discourse about the results of individuals in subjects such as mathematics, the Lithuanian language, etc., but very rarely about pupils' humanity and readiness to become independent members of society. The educational shift to distance learning (during the pandemic) has changed the whole structure of the educational process almost overnight, and such symbolic elements as the authority, status, order and dignity of the teacher, as well as the sense of community, diminished. It is clear that distance learning has its advantages, but it also has its uncertainties, and the long-term consequences still need to be generally known today. The academic intrigue of this paper stems from the question of how the digitalization of education may affect civic education and its outcomes from a political sociology perspective. Drawing on Kavolis' model of psychological modernization, the paper seeks to identify the potential groups that emerge in the digitalization of education and rationalize their worldviews and civic action features. Framing the process of digitizing schooling within the classical political sociology framework will highlight the likely future profiles of civil society groups.","PeriodicalId":47127,"journal":{"name":"Entrepreneurship and Sustainability Issues","volume":" ","pages":""},"PeriodicalIF":1.7,"publicationDate":"2023-03-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46076407","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-03-30DOI: 10.9770/jesi.2023.10.3(19)
J. Táncošová, Marcel Lincényi, Michal Fabuš
. The level of financial literacy in the Slovak Republic has long been below the European Union average, which is confirmed by several surveys in recent years. In practice, this creates several problems. Almost a million Slovaks have at least one foreclosure, resulting from buying necessities on credit and then living in ever-increasing debt. Knowledge of finance and business among employees or budding entrepreneurs is also problematic. Conservative Slovaks also keep most of their money in products with zero interest and are afraid to invest and capitalize on their savings. The National Bank of Slovakia and the Slovak Bank Association have been calling for a change in school curricula for a long time because financially illiterate pupils eventually become poorly literate clients. The contribution's primary purpose was to analyze the state of financial education in secondary schools in the Slovak Republic, including a more effective design of the content and method of teaching financial literacy. More effective financial education could help reduce poverty in Slovakia and more effective financial and business literacy in society.
{"title":"Towards financial literacy: a case of Slovakia","authors":"J. Táncošová, Marcel Lincényi, Michal Fabuš","doi":"10.9770/jesi.2023.10.3(19)","DOIUrl":"https://doi.org/10.9770/jesi.2023.10.3(19)","url":null,"abstract":". The level of financial literacy in the Slovak Republic has long been below the European Union average, which is confirmed by several surveys in recent years. In practice, this creates several problems. Almost a million Slovaks have at least one foreclosure, resulting from buying necessities on credit and then living in ever-increasing debt. Knowledge of finance and business among employees or budding entrepreneurs is also problematic. Conservative Slovaks also keep most of their money in products with zero interest and are afraid to invest and capitalize on their savings. The National Bank of Slovakia and the Slovak Bank Association have been calling for a change in school curricula for a long time because financially illiterate pupils eventually become poorly literate clients. The contribution's primary purpose was to analyze the state of financial education in secondary schools in the Slovak Republic, including a more effective design of the content and method of teaching financial literacy. More effective financial education could help reduce poverty in Slovakia and more effective financial and business literacy in society.","PeriodicalId":47127,"journal":{"name":"Entrepreneurship and Sustainability Issues","volume":" ","pages":""},"PeriodicalIF":1.7,"publicationDate":"2023-03-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44846312","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-03-30DOI: 10.9770/jesi.2023.10.3(7)
Sorin Somitca, Alina Somitca, E. Hlaciuc
We are contemporary with various financial crises of global magnitude, starting with the Great Depression of 2008-2009, so-called the "subprime crisis", the economic crisis generated by the COVID 19 pandemic, but also the one that is ongoing nowadays, caused by the Russian-Ukrainian conflict. All these extreme situations generate reactions of the most diverse and challenging to delimit and predict so that the economic entities must show permanent resilience to recover quickly and emerge victorious from the fight with the disturbing phenomena. The present study attempted an x-ray of the Romanian economy after the first year of the COVID pandemic, the most difficult year when the restrictions were among the most severe, analyzing at the same time the years before the beginning of the pandemic for an accurate picture. At the same time, we tried to answer the questions of why a company is more resilient than others using a sample of the top 100 companies in Romania, analyzing the impact on revenue growth of 13 indicators grouped in 4 classes, namely Business efficiency, Sustainable Profitability, Financial Stability, Business dynamics & stability. The obtained results may have significan economic policy implications.
{"title":"Insight into the resilience of the Romanian economy","authors":"Sorin Somitca, Alina Somitca, E. Hlaciuc","doi":"10.9770/jesi.2023.10.3(7)","DOIUrl":"https://doi.org/10.9770/jesi.2023.10.3(7)","url":null,"abstract":"We are contemporary with various financial crises of global magnitude, starting with the Great Depression of 2008-2009, so-called the \"subprime crisis\", the economic crisis generated by the COVID 19 pandemic, but also the one that is ongoing nowadays, caused by the Russian-Ukrainian conflict. All these extreme situations generate reactions of the most diverse and challenging to delimit and predict so that the economic entities must show permanent resilience to recover quickly and emerge victorious from the fight with the disturbing phenomena. The present study attempted an x-ray of the Romanian economy after the first year of the COVID pandemic, the most difficult year when the restrictions were among the most severe, analyzing at the same time the years before the beginning of the pandemic for an accurate picture. At the same time, we tried to answer the questions of why a company is more resilient than others using a sample of the top 100 companies in Romania, analyzing the impact on revenue growth of 13 indicators grouped in 4 classes, namely Business efficiency, Sustainable Profitability, Financial Stability, Business dynamics & stability. The obtained results may have significan economic policy implications.","PeriodicalId":47127,"journal":{"name":"Entrepreneurship and Sustainability Issues","volume":" ","pages":""},"PeriodicalIF":1.7,"publicationDate":"2023-03-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44173045","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-03-30DOI: 10.9770/jesi.2023.10.3(26)
Margarita Išoraitė, Irena Alperytė
. The paper analyzes issues of creativity in times of war and pandemics, its concepts, origins, and possible development, together with the techniques and features it can be characterized by. It describes the potential present in each of the examined cases brought by the times of unrest. The scope for defining creativity in times of war and pandemics is broad and results in many manifestations. The discussion turns around the concept of creativity in everyday life and its applicability. The authors investigate whether and how to prove the interrelation of creativity to war and pandemics. They also discuss the emergence of creativity in war and pandemics because of provoked human imagination and the urgent necessity to act
{"title":"Creativity in times of war and pandemics","authors":"Margarita Išoraitė, Irena Alperytė","doi":"10.9770/jesi.2023.10.3(26)","DOIUrl":"https://doi.org/10.9770/jesi.2023.10.3(26)","url":null,"abstract":". The paper analyzes issues of creativity in times of war and pandemics, its concepts, origins, and possible development, together with the techniques and features it can be characterized by. It describes the potential present in each of the examined cases brought by the times of unrest. The scope for defining creativity in times of war and pandemics is broad and results in many manifestations. The discussion turns around the concept of creativity in everyday life and its applicability. The authors investigate whether and how to prove the interrelation of creativity to war and pandemics. They also discuss the emergence of creativity in war and pandemics because of provoked human imagination and the urgent necessity to act","PeriodicalId":47127,"journal":{"name":"Entrepreneurship and Sustainability Issues","volume":" ","pages":""},"PeriodicalIF":1.7,"publicationDate":"2023-03-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46259137","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-03-30DOI: 10.9770/jesi.2023.10.3(3)
Aleksandra Stanek-Kowalczyk, Monika Zajkowska
The coronavirus pandemic, both in terms of its scale and impact on the economy and society, was a surprise to everyone and raised many concerns for entrepreneurs. Some of these concerns materialized while others did not, but still, these concerns impacted entrepreneurs' more conservative attitudes, seeking savings or limiting activities. This study aimed to answer whether entrepreneurs' concerns about the coronavirus pandemic and its impact on business have affected the sustainable development of enterprises – did it stop or limit the social and environmental activities of small and medium enterprises in Poland? To answer this question 177 interviews among owners and senior executives were conducted in September 2020, using the CATI method. The study results have shown that entrepreneurs' concerns about the pandemic did not negatively affect enterprises' sustainable development. Moreover, the study's results did not confirm a statistically significant correlation between the materialization of pandemic-related concerns and enterprises' sustainable development.
{"title":"Entrepreneurs' concerns about the coronavirus pandemic and enterprise’s sustainable development","authors":"Aleksandra Stanek-Kowalczyk, Monika Zajkowska","doi":"10.9770/jesi.2023.10.3(3)","DOIUrl":"https://doi.org/10.9770/jesi.2023.10.3(3)","url":null,"abstract":"The coronavirus pandemic, both in terms of its scale and impact on the economy and society, was a surprise to everyone and raised many concerns for entrepreneurs. Some of these concerns materialized while others did not, but still, these concerns impacted entrepreneurs' more conservative attitudes, seeking savings or limiting activities. This study aimed to answer whether entrepreneurs' concerns about the coronavirus pandemic and its impact on business have affected the sustainable development of enterprises – did it stop or limit the social and environmental activities of small and medium enterprises in Poland? To answer this question 177 interviews among owners and senior executives were conducted in September 2020, using the CATI method. The study results have shown that entrepreneurs' concerns about the pandemic did not negatively affect enterprises' sustainable development. Moreover, the study's results did not confirm a statistically significant correlation between the materialization of pandemic-related concerns and enterprises' sustainable development.","PeriodicalId":47127,"journal":{"name":"Entrepreneurship and Sustainability Issues","volume":" ","pages":""},"PeriodicalIF":1.7,"publicationDate":"2023-03-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45405007","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-03-30DOI: 10.9770/jesi.2023.10.3(1)
Margarita Išoraitė, Gintarė Gulevičiūtė
. This article aims to explore the techniques and features of outdoor advertising from customers' views. This article analyses outdoor advertising and outdoor advertising effectiveness. The literature analysis showed that previous studies on outdoor advertising peculiarities and effectiveness focused on different aspects of outdoor advertising; factors affecting attitudes towards new items and buying stimuli still need to be explored. This study aims to investigate contemporary methods and characteristics of outdoor advertising. The research questions are related to the purpose of the research. The authors seek to clarify which outdoor advertising elements are most effective and influence purchasing decisions. The study results showed that the most effective types of outdoor advertising were lighting advertising, advertising on outdoor screens, and mass advertising (large letters with brand names), with the new technologies playing the most critical role
{"title":"Outdoor advertising effectiveness evaluation from customers' view","authors":"Margarita Išoraitė, Gintarė Gulevičiūtė","doi":"10.9770/jesi.2023.10.3(1)","DOIUrl":"https://doi.org/10.9770/jesi.2023.10.3(1)","url":null,"abstract":". This article aims to explore the techniques and features of outdoor advertising from customers' views. This article analyses outdoor advertising and outdoor advertising effectiveness. The literature analysis showed that previous studies on outdoor advertising peculiarities and effectiveness focused on different aspects of outdoor advertising; factors affecting attitudes towards new items and buying stimuli still need to be explored. This study aims to investigate contemporary methods and characteristics of outdoor advertising. The research questions are related to the purpose of the research. The authors seek to clarify which outdoor advertising elements are most effective and influence purchasing decisions. The study results showed that the most effective types of outdoor advertising were lighting advertising, advertising on outdoor screens, and mass advertising (large letters with brand names), with the new technologies playing the most critical role","PeriodicalId":47127,"journal":{"name":"Entrepreneurship and Sustainability Issues","volume":" ","pages":""},"PeriodicalIF":1.7,"publicationDate":"2023-03-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43471845","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-03-30DOI: 10.9770/jesi.2023.10.3(4)
Erika Mošková, Michal Brutovský, Kristián Furiak, K. Bugánová
From the beginning of 2020 to the end of 2021, a nationwide survey was conducted to examine business interruption due to the COVID-19 pandemic and to identify the impact of the pandemic on SMEs in the Slovak Republic. It also focused on identifying areas such as risk management with BCM, and crisis management within individual enterprises. The survey was carried out using a questionnaire distributed to SMEs operating in the country. Based on the questions from the questionnaire, four research hypotheses were developed. Based on the results of our investigation, we found that enterprises cannot correctly assess their capability level and manage risks effectively, potentially exposing themselves to further threats arising from such a relationship. There is a correlation between the business sector and the extent to which an enterprise has been affected by a pandemic. Enterprises with implemented risk management areas had operations halted for shorter periods than enterprises without implementation. There is a relationship between business sectors and the extent to which they were affected by the pandemic. The discussion concludes that the pandemic posed a type of threat for which several SMEs were unprepared. At the same time, no established risk minimization procedures would address this issue. Effective implementation of risk management as prevention or crisis management as response and application of BCM principles is one of how enterprises could prepare for risks and crises and increase their resilience.
{"title":"Business interruption management in the context of the COVID-19 pandemic for small and medium-sized enterprises in Slovakia","authors":"Erika Mošková, Michal Brutovský, Kristián Furiak, K. Bugánová","doi":"10.9770/jesi.2023.10.3(4)","DOIUrl":"https://doi.org/10.9770/jesi.2023.10.3(4)","url":null,"abstract":"From the beginning of 2020 to the end of 2021, a nationwide survey was conducted to examine business interruption due to the COVID-19 pandemic and to identify the impact of the pandemic on SMEs in the Slovak Republic. It also focused on identifying areas such as risk management with BCM, and crisis management within individual enterprises. The survey was carried out using a questionnaire distributed to SMEs operating in the country. Based on the questions from the questionnaire, four research hypotheses were developed. Based on the results of our investigation, we found that enterprises cannot correctly assess their capability level and manage risks effectively, potentially exposing themselves to further threats arising from such a relationship. There is a correlation between the business sector and the extent to which an enterprise has been affected by a pandemic. Enterprises with implemented risk management areas had operations halted for shorter periods than enterprises without implementation. There is a relationship between business sectors and the extent to which they were affected by the pandemic. The discussion concludes that the pandemic posed a type of threat for which several SMEs were unprepared. At the same time, no established risk minimization procedures would address this issue. Effective implementation of risk management as prevention or crisis management as response and application of BCM principles is one of how enterprises could prepare for risks and crises and increase their resilience.","PeriodicalId":47127,"journal":{"name":"Entrepreneurship and Sustainability Issues","volume":" ","pages":""},"PeriodicalIF":1.7,"publicationDate":"2023-03-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43436830","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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