Welcome to Francis Academic Press

Academic Journal of Business & Management, 2022, 4(8); doi: 10.25236/AJBM.2022.040801.

The developing path of enterprises under the background of normalization of the epidemic: From the prospective of double cycle strategy

Author(s)

Cui Bowen, Cui Yuzheng

Corresponding Author:
Cui Yuzheng
Affiliation(s)

School of Economics, Beijing Wuzi University, Beijing, China

Abstract

The Fifth Plenary Session of the 19th Central Committee of the Communist Party of China proposed to accelerate the construction of a new development pattern with the domestic cycle as the main body and the domestic and international cycles promoting each other. The pattern is a major adjustment and improvement of the China's economic development strategy and path for the fourteenth five years and the future, and a major strategic deployment made with a view to China's long-term development and long-term stability. To realize this deployment, enterprises must make full use of the current favorable factors for China's economic recovery and development, and respond actively to and resolve domestic and foreign unfavorable factors. In the current post-epidemic era and based on the background of “double cycle” strategy, enterprises must positively integrate into the new development pattern, recognize the situation, change their concepts, and take appropriate countermeasures. For example, digital management can be used to save costs, large-scale data to explore consumption and vigor innovation to enhance the core competitiveness of products.

Keywords

"Double cycle"; COVID-19; Enterprise management

Cite This Paper

Cui Bowen, Cui Yuzheng. The developing path of enterprises under the background of normalization of the epidemic: From the prospective of double cycle strategy. Academic Journal of Business & Management (2022) Vol. 4, Issue 8: 1-6. https://doi.org/10.25236/AJBM.2022.040801.

References

[1] Asian Development Bank: COVID-19 has caused global economic losses or up to US $8 trillion and 800 billion [EB/OL]. Retrieved from http://www.199it.com/archives/1049815.html, 2020-05-15/2021-03-01.

[2] The contribution of national consumption to GDP is close to 83% and Japan exceeds 77%. What about China [EB/OL]. Retrieved from https://www.163.com/dy/article/FRADPSBM05354IQR.html,2020-11-23

[3] Zeng Gang, Wu Yuxiang. Consumer finance contributes to the "double cycle" development [J]. China's Finance, 2020(14):31-33.

[4] The General Office of the State Council issued the Opinions on Accelerating the Development of New Consumption with New Business forms and Model [EB/OL]. Retrieved from http://www. gov.cn/xinwen/2020-09/21/content_5545432.htm

[5] Year-end inventory: China's major scientific and technological innovations in 2021 [EB/OL]. Retrieved from https://baijiahao.baidu.com/s?id=1719804763662992799&wfr=spider&for=pc 20201-12-22

[6] Liu Rui. "Double cycle" new development pattern conception and enterprise response way [JB/OL]. Enterprise Economy, 2020 (12): 5-13 [2020-12-27]. https://doi.org/ 10.13529/j. cnki.enterprise. economy. 2020.12.01.

[7] Fan Gang. The Double cycle and the New stage of China's Economic Development [J]. Open Guide, 2020 (06): 7-10.

[8] Kang rong. Domestic and international double cycle helps enterprises to explore the market [J]. Electrical appliance industry, 2020 (12): 23-25.

[9] Chen Chuansheng, Luo Zengkui, Luo Guodong, Xia Wei, Li Bo. The role of digitalization in improving enterprise management ability [J]. Petrochemical technology, 2020,27 (08): 136-137.

[10] Li Wei. The Motives, Challenges and Countermeasures of Enterprise Digital Transformation and an Introduction to SIAM Management Methodology [J]. Internet and information military-civilian integration, 2020 (08): 11-15.

[11] Li Dong,Yuan Fang.Research and Application of Big Data Analysis in Enterprise Information Construction [J]. China Informatization, 2020 (11): 51-53 + 55

[12] Sun Ruru. Technology boosts the high-quality development of the cultural industry [J]. China Development Observation, 2020 (Z8): 99-102.

[13] Lu Minfeng, Xu Yangyang.Opportunities, Challenges and Growth Points of SMEs under the Background of Economic Double Cycle [J]. Southwest Finance: 1-10 [2020-12-27].