Question

In: Economics

During the Covid-19 pandemic and based on its natural a great deal of businesses has been...

During the Covid-19 pandemic and based on its natural a great deal of businesses has been impacted by it. Also, due to its rapid outbreak working from home and the limitation of travel become vital and critical to limit the spread of Covid-19 as well as the safety of the people. Thus, digital transformation and E-management show its importance and great value in this kind of situation. This pandemic has forced companies and corporations to highly depends on digital technology and E-management practices as millions of people are working remotely from homes.

Requirements

Therefore, as student and based on your understanding you are required to provides three factors that are the most advantageous and beneficent factors that company should have taken during the pandemic and its procedures in order to keep its business alive.( the length of answer should be 500 words, please i want new answer not copied. thank you)
)

Solutions

Expert Solution

Hit by Covid-19 slump along with nationwide lockdown, Business are experiencing major impacts no mater how established they are and having to re-look as how they manage and operate their business.

points needs to be consider while designing Covid business model

  1. Keep the consumer and business partners updated about the business current scenario. The communication among partners or consumers should be transparent, Avoiding any misrepresentation of facts and data. Consumers empathize with the companies as long as communication is transparent.
  2. During this contagion, it is utmost important for businesses to conduct a proper assessment of its fxed and variable expenses as well as actual revenues. The assessment will give you the clear picture where the company stands financially.
  3. Plan policies for 3 months / 6 months and 9 months. Since it is difficult how long this pandemic will last prepare short term business models and work accordingly. Changing them by considering market conditions.

Related Solutions

During the Covid-19 pandemic and based on its natural a great deal of businesses has been...
During the Covid-19 pandemic and based on its natural a great deal of businesses has been impacted by it. Also, due to its rapid outbreak working from home and the limitation of travel become vital and critical to limit the spread of Covid-19 as well as the safety of the people. Thus, digital transformation and E-management show its importance and great value in this kind of situation. This pandemic has forced companies and corporations to highly depends on digital technology...
During the Covid-19 pandemic and based on its natural a great deal of businesses has been...
During the Covid-19 pandemic and based on its natural a great deal of businesses has been impacted by it. Also, due to its rapid outbreak working from home and the limitation of travel become vital and critical to limit the spread of Covid-19 as well as the safety of the people. Thus, digital transformation and E-management show its importance and great value in this kind of situation. This pandemic has forced companies and corporations to highly depends on digital technology...
During the Covid-19 pandemic and based on its natural a great deal of businesses has been...
During the Covid-19 pandemic and based on its natural a great deal of businesses has been impacted by it. Also, due to its rapid outbreak working from home and the limitation of travel become vital and critical to limit the spread of Covid-19 as well as the safety of the people. Thus, digital transformation and E-management show its importance and great value in this kind of situation. This pandemic has forced companies and corporations to highly depends on digital technology...
During the Covid-19 pandemic and based on its natural a great deal of businesses has been...
During the Covid-19 pandemic and based on its natural a great deal of businesses has been impacted by it. Also, due to its rapid outbreak working from home and the limitation of travel become vital and critical to limit the spread of Covid-19 as well as the safety of the people. Thus, digital transformation and E-management show its importance and great value in this kind of situation. This pandemic has forced companies and corporations to highly depends on digital technology...
During the Covid-19 pandemic and based on its natural a great deal of businesses has been impacted by it.
  During the Covid-19 pandemic and based on its natural a great deal of businesses has been impacted by it. Also, due to its rapid outbreak working from home and the limitation of travel become vital and critical to limit the spread of Covid-19 as well as the safety of the people. Thus, digital transformation and E-management show its importance and great value in this kind of situation. This pandemic has forced companies and corporations to highly depends on digital...
A great deal of information has been written in the popular press about the COVID-19 pandemic....
A great deal of information has been written in the popular press about the COVID-19 pandemic. In preparation for the discussion, which is meant to be a wide-ranging conversation about the ethical issues that arise during a pandemic like COVID-19, read articles in the popular press to help you understand the issues that are in conflict. Research the public health ethics professional literature to help you understand the authoritative role of public health during pandemics. Look for general principles rather...
E-commerce ((((please Reference is important )))) During the Covid-19 pandemic and based on its natural a...
E-commerce ((((please Reference is important )))) During the Covid-19 pandemic and based on its natural a great deal of businesses has been impacted by it. Also, due to its rapid outbreak working from home and the limitation of travel become vital and critical to limit the spread of Covid-19 as well as the safety of the people. Thus, digital transformation and E-management show its importance and great value in this kind of situation. This pandemic has forced companies and corporations...
The Covid-19 pandemic has disrupted labour markets in ways not seen since the Great Depression. Businesses...
The Covid-19 pandemic has disrupted labour markets in ways not seen since the Great Depression. Businesses have had to come up with measures to mitigate against the adverse effects of the pandemic. These include rearranging work arrangements (work-from-home), forced leave, rotational work schedules, etc. Naturally, one would argue that level of unemployment has increased, at least in the short-term. You are the senior labour economist at the Ministry of Labour in Zambia. Write a one-page policy brief outlining a set...
The Covid-19 pandemic has disrupted labour markets in ways not seen since the Great Depression. Businesses...
The Covid-19 pandemic has disrupted labour markets in ways not seen since the Great Depression. Businesses have had to come up with measures to mitigate against the adverse effects of the pandemic. These include rearranging work arrangements (work-from-home), forced leave, rotational work schedules, etc. Naturally, one would argue that level of unemployment has increased, at least in the short-term. You are the senior labour economist at the Ministry of Labour in Zambia. Write a one-page policy brief outlining a set...
During the Covid 19 pandemic (corona virus diseases 19) there are many businesses experiencing disruption such...
During the Covid 19 pandemic (corona virus diseases 19) there are many businesses experiencing disruption such as retail, hospitality, travel, shopping malls, property, office rentals, etc. Instead, there are some businesses are booming, such as e-commerce, online schooling, webinars or online training, sports equipment at home and others. As is known, before the vaccine of that covid 19 was discovered, it is predicted that the duration of this pandemic will plague within the next 1-2 years. In this period, most...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT