An analytical setting-based approach to business continuity strategy in uncertain times
Session
Management, Business and Economics
Description
Uncertain times have historically caused distress for businesses in many aspects. Some of the phenomena that caused ambiguity in business had regional effects, and some others had global effects. COVID-19 is an example of a phenomenon that caused a high degree of business activity disruption around the world to have a big impact on enterprise operations, society and the economy in general. Nonetheless, this pandemic made leaders and managers act quickly and increase the degree of flexibility, developing a new narrative for the way of doing business. Consequently, we considered it important to discuss ways for companies to orient themselves towards mitigating the financial consequences of the pandemic and adapt accordingly to withstand it. In this regard, it is assumed that businesses face various and serious problems in planning and implementing recovery strategies. This paper assumed that a extrapolative setting-based approach will help businesses in planning and implementing successful recovery strategy.
Keywords:
Uncertain times, strategy, recovery, pandemics, scenario, forecasting
Proceedings Editor
Edmond Hajrizi
ISBN
978-9951-550-50-5
Location
UBT Kampus, Lipjan
Start Date
29-10-2022 12:00 AM
End Date
30-10-2022 12:00 AM
DOI
10.33107/ubt-ic.2022.433
Recommended Citation
Limani, Ylber and Selimi, Biona, "An analytical setting-based approach to business continuity strategy in uncertain times" (2022). UBT International Conference. 450.
https://knowledgecenter.ubt-uni.net/conference/2022/all-events/450
An analytical setting-based approach to business continuity strategy in uncertain times
UBT Kampus, Lipjan
Uncertain times have historically caused distress for businesses in many aspects. Some of the phenomena that caused ambiguity in business had regional effects, and some others had global effects. COVID-19 is an example of a phenomenon that caused a high degree of business activity disruption around the world to have a big impact on enterprise operations, society and the economy in general. Nonetheless, this pandemic made leaders and managers act quickly and increase the degree of flexibility, developing a new narrative for the way of doing business. Consequently, we considered it important to discuss ways for companies to orient themselves towards mitigating the financial consequences of the pandemic and adapt accordingly to withstand it. In this regard, it is assumed that businesses face various and serious problems in planning and implementing recovery strategies. This paper assumed that a extrapolative setting-based approach will help businesses in planning and implementing successful recovery strategy.