Question

Write 1-2 paragraphs-long plan for starting viable business in coronavirus/post-coronavirus world. Tie up your plan to the skills you have learned in R&D in Biotech company class  This question will have differential weight for undergrads (10 points) and graduate (20 points) students.

Answer 1

In the coronavirus/post coronavirus world, starting a viable buiseness is a hard nut to crack. But it is also possible through strategic and ideological manner. Some of the important steps are of the following: Reimaging the market and the introduction of new products along with the solutions of new markets and new customers. Promotion of personalised behaviour based insurance. The key of market adoption is customisation. Another important factor is customer experience management and reducing the friction in the product life cycle. More promotion of digital equipments and online payments can create a huge impact on the society. Robo advisory to help the customers for the need. Ceating and evolving the conventional ideas, education is done through online and virtual classrooms and smartclass are on of the gratest option.

Upskilling quality and improving sales are the key to support the customers to support their queries and concerns in the stages of the customer life cycle. Adressing cyber security and the protection for the customer data is the key to emerge during this stage as this is one of the most important factor.