In this paper, we analyse the impact of the Covid‐19 crisis in organizations from the point of view of knowledge management. Specifically, we address the question of technology, people and processes. We conclude, first, that KM should be put at the centre stage in 2021 because, above all, first and foremost, the Covid‐19 crisis is a crisis about knowledge, and that a massive knowledge failure has been at its core – namely, the absence of a vaccine and the cure for Covid‐19. We furthermore conclude that in organizations, there was a complete lack of “social knowledge” linked with “organizational behaviour” which led to an organizational crisis; quite crucially, we believe that the mentioned crisis was even fostered by the immense technology available, but continued because, despite all the value of people, there was not knowledge about processes; in fact, suddenly, the drastic change in setting caused previously competent people to become incompetent. All this leads to the third conclusion, namely, the solution of the crisis will be achieved using technology and making people competent again and teaching them the right processes. Finally, for the time being, Humanity is still searching for answers, and we believe that all the partial measures (such as use of masks, social distance, washing hands, home/remote working, etc.) will mean an advance and increase in organizational agility.

The current pandemic is, above all, a crisis of knowledge—Humanity had to find a vaccine, and now we are not sure how to behave socially to minimize the pandemic bad effects. For organizations, this situation requires an update in the reflection regarding both the strategy and the actions that should be performed. Therefore, the current crisis requires new ways of applying knowledge strategies and dealing with dynamic capabilities. We first analyze the two questions (knowledge strategies and dynamic capabilities) in abstract and general terms, and then we specifically focus on business education during the COVID-19 crisis. We conclude that COVID-19 creates a need for all knowledge strategies in terms of business education. Data, information, knowledge, and wisdom will be needed; above all, it requires the Unknown-Knowns, which is the basis for Knowledge Sharing, and the Unknown-Unknowns that base Knowledge Exploration because both Knowledge Exploitation and Knowledge Acquisition are strategies business schools use to perform in times of crisis. They are more difficult to implement because both the Known-Knowns and the Known-Unknowns are less valuable to solve a crisis like this one: all this will result in “agile universities”, which will be (and already are) those that will use the right strategies and the right dynamic capabilities and will have better results. The paper is original because we link Knowledge Management and Human Resources Development Concepts to generate a broader and more comprehensive understanding of the organizational behavior about a very specific problem—business education—in a very specific time of the COVID-19 crisis. The limits of the paper relate to the evolution of society itself; we do not know when the crisis will end, and we are not sure how much of the “new normal” will remain in the “post-COVID-19” situation. The topic and analysis are of interest for practitioners because daily, they experience how their reality changed and their need to adapt, yet they do not know how. This topic and analysis are also of interest to scholars because science is based on questions, explaining and providing ways to improve one’s reality. COVID-19 has shown us, dramatically and uniquely, the need for new solutions in times of peace.

The advent of the fourth industrial revolution was marked by the fact that changes became the main characteristics of the new time. It means a high level of uncertainty and instability in the business environment. The real estate market, being a part of the investment market, is changing. The current development of Russia’s investment potential leads to an increasing need for professional management of the profitability of such investments. Thus, the main goal of this research is to present non-traditional methods of risk assessment, which should be used in determining the market value of the real estate object at the present time. Simulation modelling is a method of research in which the system under study is replaced by a model that describes the real system with sufficient, with which experiments are conducted in order to obtain information about this system. An example of the application of simulation modelling in the analysis for the purpose of choosing the best and most effective use of a land plot as conditionally free is given. Financing of investment projects is a dynamic process that requires a risk assessment.

Abstract. Today many countries are concerned about the Arctic, including ones which are rather distant from it. High prospectively of the region in the context of undiscovered oil and gas resources is the explanation of this interest. Russia possessing the most significant part of these reserves has a fairly low rate of exploration of the Arctic shelf. Arctic hydrocarbon resources play the important strategic role in the development of the fuel-energy complex of Russia, ensuring its energy security. Therefore, the aim of this study is to identify effective model of development of the offshore fields in the Arctic zone of the Russian Federation. The model of the creation of consortia for the development of the offshore fields is analyzed and it is considered in the context of the Russian Arctic. The conclusion about the efficiency of the application of this model is done.

In this paper we analyse the situation of the Portuguese Economy referring to the Covid-19. We start by contextualizing in the problematic “Bubble – Miracle” as described by Tomé, 2018. We then analyse the current situation in a Macroeconomic way, according to eight specific questions, and then we specify regarding four sectors, namely tourism, education, the public sector, and the industrial sector. We conclude that the Covid-19 is the ultimate and unexpected test to the Portuguese economy, and that it will contribute to solving the “Bubble vs. Miracle” question. Rather curiously, we believe that the Covid-19 will accelerate the change to the “Miracle” society, because solving the crisis will require changes that will direct the society towards the “Miracle” paradigm and will distance Portugal from the old and “Bubble” one.