Pandemic Economic Crisis: Changes and New Challenges to Society

Abstract

In the context of new changes and challenges facing society caused by the COVID-19 pandemic the most important factor in ensuring the sustainable functioning of economic entities is the formation and improvement of crisis management strategies and models. Ensuring the competitiveness and further functioning of economic entities largely depends on the available resource potential, its optimization, diversification and implementation innovation. Due to the changes in the market environment caused by the COVID-19 pandemic the theoretical foundations and methodology of crisis management need to improved and substantially supplemented. The problem is partially solved through the introduction of modern information technologies in the management of economic systems and digitalization, the introduction of resource-saving technologies, optimization of operating costs, the introduction of green economy and socialization of economic processes. Digitization has become an effective tool for optimizing economic activity, an element of growth strategies in the market and a model for expanding the volume of activity, which has formed a new concept the management of economic entities. The results of the author’s research in the scientific monograph are devoted to solving problems of formation and improvement of strategies and models of crisis management and mechanisms of their implementation in modern global changes and challenges to society based on concept the management of economic entities. An important component of the scientific monograph is the formation of new and improvement of existing strategies for managing the competitiveness of economic entities, socio-economic processes at the regional and national levels, approaches to implementing a supply chain logistics management system, clustering financial support for dual education, employment in a pandemic, the consequences of pandemic for certain sectors of the economy and ways to overcome the crisis. The results of the research presented in the scientific monograph reflect the theoretical and practical aspects of the implementation of crisis management mechanisms of socio-economic processes in the context of globalization, optimizing the resource potential of economic entities in the future and the possibility of its development through digitalization, implementation saving technologies and innovations.