Question

after reading ch4 of Strategic Management : please list 5-10 major impacts of corona virus pandemic on your organization present and future performance.

Answer 1

Answer: The following are some of the major impacts that the corona virus pandemic may have on the present and future performance of my organization

1. Wastage of resources: Due to the lock down in many places the production and demand has both been hit. This has halted the production and the raw materials and other resources invest may go waste

2. Loss of revenues: Due to fall in production and demand of the products

3. Disturbance in cash flow: Due to misbalance in demand and supply and temporary shutdown of businesses the cash flow will get affected

4. Shortages of raw materials: In future after this pandemic will get over, it will take time for the various suppliers to restore the supply chain

5. Shortage of labor: As some restrictions in the movement of the people will last for some time it will be difficult to get required people to work

6. Increased costs : The above impacts will make it difficult for the organization to cut costs

7. Loss in competitive advantage: The increase in cost and disruption in the global supply chains may result in loss of competitive advantage

All these factors will impact the performance in a negative manner