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The incidence of the COVID-19 pandemic has come as a big blow to every dimension of any economy. It disrupts the usual constructs and functioning of economies across the globe. Different macroeconomic variables such as income, employment, etc. have been in shambles because of the unprecedented pandemic. Such a situation needs an alternative thought to turn around everything, and circular economic approach indeed is a potent tool to weather this tumultuous situation. Circular economic framework facilitates recycling and reusing of wastes discarded. Because of various activities, wastes are generated, and if products could be generated out of wastes through a system, it would be beneficial to economies as this ensures the judicious utilisation of resources. Recycling, refurbishing and reducing are three important pillars of the circular economic framework, where product lifecycle gets extended and prudent use of existing resources can be possible. The usage of resources even out of wastes stands out to be a game changer in terms of sustainability of environment. The alternative usage of resources in this way creates alternative employment opportunities. The extension of product lifecycle through recycling and reusing creates alternative rooms for employment, giving ample opportunities for sustainable development. It leads to market creation for waste products. Such a circular economy approach, paving the way for alternative employment generation, leads to sustainable development. The present work tries to re-examine the efficacy of the circular economic framework and its resilience in the context of the unprecedented pandemic in terms of providing alternative employment opportunities. It attempts to underscore how circular economic construct positively impacts prudent use of resources through alternative employment generation in pandemic.

Purpose: The COVID-19 pandemic is the most severe threat we have faced since World War II. So far, there have been about 5 million recorded cases, with over 300,000 fatalities globally. The epidemic is also wreaking havoc on the corporate world. People are losing their jobs and money, and no one knows when normalcy will return. So, addressing the VUCA Leadership Strategies Model is important to get more insight into this topic.

Need for the Study: According to the International Labor Organization, the pandemic might cost 195 million jobs. Even when the immediate impacts wear off, the long-term economic impact will reverberate for years. All four volatile, unpredictable, complex, and ambiguous (VUCA) characteristics apply to the issues we confront due to the coronavirus.

Methodology: Changes caused by COVID-19 occur daily, and are unpredictable, dramatic, and quick. No one can predict precisely when the epidemic will end or when a treatment or immunisation will be available. The pandemic impacts many parts of society, including health care, business, the economy, and social life. There is no ‘best practice’ that enterprises may utilise to tackle the pandemic’s issues. The VUCA leadership strategy models will be discussed and compared in this research study.

Findings: In this moment of transition, leaders must adhere to their fundamental values, core purpose, and ambition for big, hairy, and audacious goals.

Practical Implications: In this chapter, VUCA leadership strategy models will be discussed in detail for pre- and post-pandemic scenarios and their impact on different sectors, which will be very important for researchers in the same field.