Question

In: Accounting

Covid-19 as a large bulldozer is an apt image where businesses and the economy are concerned....

Covid-19 as a large bulldozer is an apt image where businesses and the economy are concerned. But whilst our day to day lives have changed, for business, the show must go on — or else risk complete failure. It is undeniable that some businesses won’t be able to thrive during this period. But with creative thinking and a change of tactics, many businesses will be able to adapt and succeed, even during a lockdown.
Select one industry in the list below:
- Fashion
- Tourism
- Hospitality
- Education
- Retail
- Food
You are required to provide and discuss some suggestions to adapt the marketing strategy of the industry selected for Covid -19.

Solutions

Expert Solution

Covid-19 has surely served a blow to all the industries that have been mentioned. However it also served as an opportunity for these industries to bring out something creative out of this pandemic and turn this to their own advantage.

We have selected the "Food" Industry and what marketing strategies can be adopted by this industry in order to excel.

With the wake of the pandemic situation, all restaurants, diners, fast food joints and hotels got closed. Initially people were afraid to order from home but when WHO declared that the virus could not be spread through Food. This declaration of WHO can be used as an effective strategy to communicate to people and urge them to order from home using food delivery platforms.

Some of the marketing strategies to succeed can be, the food delivery platforms can come up with a tagline " Why step out when we one click away ? " , urging the customs to order food from their platforms.

The Food Delivery Partners can come up with a specific " Contact Less Delivery", where If the customs opt for this delivery, they will have to make the payments online and the delivery person will leave the order outside the door and customer can collect it at his own convenience. This will in result make the customers feel safe because they will be in the norms of social distancing.

Such two marketting strategies can attract the customers and finally lead to the growth of the food industry even in this pandemic situation.


Related Solutions

Covid-19 as a large bulldozer is an apt image where businesses and the economy are concerned....
Covid-19 as a large bulldozer is an apt image where businesses and the economy are concerned. But whilst our day to day lives have changed, for business, the show must go on — or else risk complete failure. It is undeniable that some businesses won’t be able to thrive during this period. But with creative thinking and a change of tactics, many businesses will be able to adapt and succeed, even during a lockdown. Select one industry in the list...
In view of the large adverse impact of COVID-19 on the world economy, many governments have...
In view of the large adverse impact of COVID-19 on the world economy, many governments have implemented expansionary fiscal policy. Together with a decrease in tax revenues, the governments have suffered large deficits. How does a government deficit affect the interest rate, the quantity of loanable funds and economic growth? Explain your answers with a diagram.
What are the effects of COVID-19 on China's Economy before and after COVID-19 illustrate how COVID-19...
What are the effects of COVID-19 on China's Economy before and after COVID-19 illustrate how COVID-19 affects China's economy. In addition to the whole country, you also need discuss the differences of the effects between different areas of China At least 1700 English words are required
What are the effects of COVID-19 on China's Economy before and after COVID-19 illustrate how COVID-19...
What are the effects of COVID-19 on China's Economy before and after COVID-19 illustrate how COVID-19 affects China's economy. In addition to the whole country, you also need discuss the differences of the effects between different areas of China At least 1700 English words are required
Covid-19 has dramatically transformed our economy at speed. Consumers are concerned about the impact pfnthe pandemic...
Covid-19 has dramatically transformed our economy at speed. Consumers are concerned about the impact pfnthe pandemic from economic and health prespective. Pick one or two markets( restaurant, entertainment, clothing) to analyze the changes that have taken place, the factors that contribute to the changes, and the future changes, both in the short run, that are likely to happen.
How is the Covid-19 affecting the global economy?
How is the Covid-19 affecting the global economy?
US economy before and after covid 19
US economy before and after covid 19
Impact of Corona Virus (COVID-19) on the economy?
Impact of Corona Virus (COVID-19) on the economy?
discuss  impact of COVID-19 on the global economy
discuss  impact of COVID-19 on the global economy
How COVID-19 can and will affect businesses going forward?
How COVID-19 can and will affect businesses going forward?
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT