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.

Solutions

Expert Solution

In the time of COVID19 Pandemic as there are lot of busine diruption going on and a number of companies got shut down because one of the major factor was their lack of digital technology equipments.Theefore to keep the busines alive in this situation following three factor according to out understanding are most advantageous and beneficient in order to survive in the market .

  1. Online advertisment - For not only small or medium but large firm also who are provding the good or service but are not known to people should put a good amount of effort to have a digital netwroking in order to deliver the product or service conidering the precaustions to be taken while the viru is spreading at such a rate .
  2. Second is their Adminitration management ,The team of sales, operating department should keep a high eye on the curent needs and requirement of what customers are wanting and how they can provide the things in best and efficient amount which can be affordable
  3. For the management or the staff , the company should provide a task based work in order to see if the proper selling and distribution of the product is happeneing in accordance with the inventory so that they do not ave to suffer the loss and continue their buinesses smoothly .

hence these thee factor are most advantageous and beneficiant for the business to survive in this current scenario of covid19 outbreak

Have a good day !


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