Risk and Resilience Management as a Response to COVID-19 Pandemic Outbreak. Towards a New and Refreshing Approach

Abstract

Today’s global business environment is dynamic and is subject to continuous changes that could create opportunities and threats for any organization. The lack of an adequate preparation exposes enterprises to environmental threats that may jeopardize the organizational sustainability and pressure them to find effective ways to survive and develop. The recent COVID-19 health emergency confirmed the unpredictability of some events that may have a significant impact on the life of enterprises, damaging the management of a company and interrupting its continuity in the flow of activities with consequences for companies’ profitability. Learning to live with uncertainty, abandoning the notion of stability, expecting the unexpected, and increasing the capability to learn from crisis is crucial to survive in such a complex and volatile environment. This paper presents a systematic scoping review with the aim to identify, analyze and underline the importance of having a conceptual framework designed to develop and improve the risk and resilience for organizations, in particular during times of crisis. In the aftermath of COVID-19 is of paramount importance to adopt a complete new and refreshing approach which could enable a firm to more fully realize the benefits that changing opportunities present. This paper presents a systematic scoping review with the aim to identify, analyze and underline the importance of having a conceptual framework designed to develop and improve the risk and resilience for organizations, in particular during times of crisis. In the aftermath of COVID-19 is of paramount importance to adopt a complete new and refreshing approach which could enable a firm to more fully realize the benefits that changing opportunities present.