Crisis as a determinant and accelerator of long-term trends

Subtitle: Is COVID-19 the indicator of the turn from “Efficient” to Resilient Structures?

 Ph.D. (c) Alessandro MANZAREJANO1

 1Universita di Barri Italy

Prof.  Dr. Alba DUMI2

2 Dean of  Management Faculty of  TBU University of Tirana

Management Department, Albania, E-mail:


All businesses are facing difficult economic and financial situations, many countries are facing bankruptcy situations of many activities, and many economies are failing because they are unprepared for what awaits them. The COVID-19 situation brought the whole world to its knees. SMEs are most affected, as in the game of competition and market they fight for survival. These are the hypotheses that we will analyze in this scientific paper. We want to focus on a worrying issue for small Albanian businesses and help these entrepreneurs find new ways and solutions to save them from bankruptcy. In this paper, the basic methods of conducting research are a combination of quantitative method and qualitative methods. Qualitative research generally includes data in the form of words, and descriptions, while quantitative research uses numbers and measures things. The decision to choose between quantitative research, qualitative research, or both depends on a number of factors, but the most important are the field of research, the problem of research, and the perspective of the researcher.

Supplement information: With the pandemic caused by the novel coronavirus SARS-CoV-2 raging around the world, many countries’ economies are at a crucial juncture. The COVID-19 external shock to the economy has the potential to affect corporate governance profoundly. This research explores its possible impact on comparative corporate governance. For an economy to operate successfully, a society must first find a politically sustainable social equilibrium. In many countries, historical crises—such as the Great Depression and World War II— have resulted in a reconfiguration of corporate governance institutions that set the course for generations. While it is not yet clear whether COVID-19 will have a similar effect, it is possible that it will change patterns of what kind of firms are—from an evolutionary perspective—likely to survive, and which ones are not. We argue that to some extent, it will accelerate ongoing trends, whereas in other areas it put corporations on an entirely new course. We observe three trends, namely the need for resilience, a growth of nationalist policies in corporate law, and an increasing orientation toward “stakeholder” interests. (source: JCL Journal vol63.3)

In the case of this paper, this combination has been realized as the analysis of the literature and the evaluation of the measures by the Albanian government towards university education requires the qualitative method. On the other hand, quantitative methods are needed to measure the effectiveness of these measures. In the analysis of our work we will focus on the concrete situation, as from the research we have seen that many small businesses (about 67% have gone bankrupt) Let us not forget that SMEs are the backbone of a country’s national economy, and Albania is in great need of their economic and social impact.

Volume 7. No.2(2023): April – (Social Sciences Session)

ISSN 2661-2666 (Online) International Scientific Journal Monte (ISJM)
ISSN 2661-264X (Print)

DOI :10.33807/monte.20232836


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