Development of Domestic Industry as a Tool for Overcoming the Crisis

Abstract

The author presents generalized results of the study and theoretical and methodological approaches in anti-crisis management in industrial companies during and after the pandemic. The assessment of the causes and factors of the economic crisis have been analyzed. The article depicts peculiar features of modern institutional transformations which involve decreasing number of business entities accompanied by a shortage of highly qualified labour force in the industry. The author examines alternative scenarios which can be applied during the postcrisis period. When considering these scenarios, he proves that it is essential to take into account fundamental causes of the crisis as well as the ones connected with the functioning mechanism and the motives of economic agents’ behavior.

Keywords

• recession
• pandemic
• strategy
• anti-crisis management
• digitalization