Received: 2020-11-18  |  Accepted: 2021-03-10  |  Published: 2021-06-30

Title

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.


Keywords

home office, work organization, information and communication technologies, Covid-19 pandemic, international economics


JEL classifications

F66 , J16 , J21 , O11 , Q55


URI

http://jssidoi.org/jesi/article/815


DOI


Pages

164-179


Funding

This paper was supported by the Slovak Ministry of Education’s scientific grant agency VEGA: “Assessment changes in the qualitative structure of international economic relations under the influence of Industry 4.0 with implications for the EU and Slovak economic policies”. Project registration number: [Reg. No.: 1/0462/20].

This is an open access issue and all published articles are licensed under a
Creative Commons Attribution 4.0 International License

Authors

Grenčíková, Adriana
Alexander Dubček University of Trenčín, Trenčín, Slovakia https://tnuni.sk
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Navickas, Valentinas
Alexander Dubček University of Trenčín, Trenčín, Slovakia https://tnuni.sk
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Kordoš, Marcel
Alexander Dubček University of Trenčín, Trenčín, Slovakia https://tnuni.sk
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Húževka, Matej
Alexander Dubček University of Trenčín, Trenčín, Slovakia https://tnuni.sk
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Journal title

Entrepreneurship and Sustainability Issues

Volume

8


Number

4


Issue date

June 2021


Issue DOI


ISSN

ISSN 2345-0282 (online)


Publisher

VšĮ Entrepreneurship and Sustainability Center, Vilnius, Lithuania

Cited

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References