Question

IN A SIMILAR VEIN ,HOW WOULD YOU ORGANIZE A BUSINESS IN THE 'WORLD' AFTER COVID-19 ?

Answer 1

Solution:

COVID-19 has significantly affected the global economy. The state of the global economy is already in recession and it has already been declared that the world will be under financial distress in the coming financial year. Hence, COVID-19 has significantly impacted the functioning of various government bodies and businesses because of the nature of the virus and the way it was spreading. Hence, this created panic and the much necessary social distance led to standstill of the world economy and hence businesses suffered a great loss of business because of such shutdowns to curb the spread of COVID-19.

In order to revive the business after COVID-19, we myust first keep in mind the outlook of the economy. In worst case the economy will be in recession and thus it calls for the best time to restructure some of the elements of your organization or business to cater to the post-COVID-19 era whrer there will be different operational methodologies which need to be followed in wake of COVID-19. Also, there will be different business opportunities that will line up post COVID-19. Hence, we must put thought into the business and understand the necessary changes that are needed to take the most advantage of this situation.

Hence, the organizing of the business after COVID-19 will be very crucial and this period of lockdown and shutdowns amid COVID-19 is an opportunity to think about the changes that could be helpful tooperate in the post COVID-19 era.