BUSINESS AND INDIVIDUAL’S RESILIENCE OF COVID-19 IN MONTENEGRO

Svetlana Duković

Authors

Svetlana Duković University Donja Gorica, Podgorica,(Montenegro)

Keywords:

resilience, resilience index, the risk environment, economy

Abstract

Resilience has never been a more critical attribute for businesses than in a world shocked by the COVID-19 pandemic. The current situation has caused severe economic consequences in Montenegro and around the world, without precedent. Given the uncertain implications for the world economy, there is no indication that some countries have remained entirely resilient to the situation. In the new circumstances in which the whole society was affected, there have been dramatic changes in the behaviour of companies and consumers ‘behaviour. The primary purpose of this paper is to show how the recession caused by the COVID-19 virus pandemic affected the resilience of individuals and companies in Montenegro. The methodology of a research paper is standard for the social sciences, and the writing is divided into two parts. The first part is based on modern theoretical assumptions of the resilience concepts, and its four types were analysed. A brief analysis of the idea itself introduces an easier understanding of the second part, which focuses on Montenegro's resilience indicators at the global level, and everything related to the prospects and creating „immunity" for its recovery.

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