An enterprise in the global economy. Modern management methods vs economic crisis and pandemic

Abstract

Purpose: The objective of the study is presentation of the conditions of functioning of enterprises on the global market, use of modern management methods, employees' preferences in the period of the pandemic and crisis in the existing surroundings. The aim of the study is to present a changing global environment for businesses, to use modern elements of management, IT and telecommunications as necessary elements in the face of the pandemic and global crisis, to sustain the functioning of businesses, organizations, economies and states. Design/methodology/approach: Based on the collected data, observations and own studies, conclusions were drawn and proposals presented with regard to counteracting the pandemic as well as opening and development of businesses and economies. Based on the statistical data, own surveys and literature, conclusions were drawn with regard to trends in organization and application of modern management concepts and enterprise management forms in the global economy in the conditions of the pandemic and economic crisis. The study presents also the problems of the contemporary global economy in sustainable development. Findings: The study analyses the functioning of enterprises in the 21sr century, taking into consideration further surroundings as well as technological, economic and social changes, including economic crises and the current pandemic. It presents and discusses socio-economic data and trends in the EU where, due to the epidemic, internal differences, economic and political issues, too slow development, lack of effective border protection. The above serves as a background for presentation of management elements and trends in organization of the future. Currently, marketing, finance, profit, strategies, HR, innovativeness, modern management methods, forms of organization, etc. play an important role in enterprises. On the other hand, IT elements already have an important and increasing position, especially in the face of the pandemic, remote work and global crisis. As shown by the survey-based studies carried out at the beginning of 2020, employees value health, work, family, economic, social and even ecological elements. These are, therefore, the survival-related needs according to the Maslow's hierarchy of needs, especially in the face of the pandemic, remote work and global crisis. Even though economies are opening today, the situation related to the pandemic worldwide is still uncertain. Hope is pinned, particularly to the countries of the West, upon the vaccines, medicines, modern management methods and new technologies