In: Operations Management
Given the current COVID-19 global pandemic, discus how an organization's business processes can affect how that organization deals with, and is impacted by, COVID-19.
COVID-19 is a global pandemic. This means that an outbreak of the disease is considered a pandemic, if it is widespread, in different countries or continents, which usually affects a large number of people. This is a dangerous death. It has spread to humans through touch, sneezing, coughing, breathing, and so on. The government makes some rules such as staying home, quarantining oneself and not going out without permission. Because according to scientists and doctors, it makes a chain system spreading day by day to people, so if we want to break this chain, we must avoid going out to their homes. Many of the people died as a result of this pandemic. These viruses called COVID-19 affect the entire economy of all countries. Affects business, organizations, work processes.
The world is on the verge of recession. An unexpected business crisis awaits. the COVID-19 situation is evolving as businesses begin to see the potential for impact on revenue, financing, and liquidity. Many businesses already have scenarios and crisis plans, and for those who don’t, thinking is now evolving. Many organizations are actively considering how these scenarios will move toward predictions, budgets, and financial information prepared for different stakeholders. Common contractual problems that businesses may experience in difficult periods are; approval and signing of contracts, observance of contract deadlines, suspension or termination of contracts and treatment of possible breaches of contract.
It is important that businesses show solidarity and work together to protect staff, local communities and customers, as well as maintain supply chains, production, and logistics work. coronavirus continues to spread, responding to organizations implementing home-to-home arrangements where possible to ensure the health and safety of their employees. Many businesses will also need to help staff and their teams maintain productivity, ensuring that working remotely is an effective way to “do business”.
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