Question

QUESTION

2. “In the perspective of corporate strategy, dynamic global economy is considered as a trigger to hyper-competition in businesses.” Debate whether the above statement is accurate or disingenuous.

Answer 1

ANSWER (2.) :- Yes, In the perspective of corporate strategy, dynamic global economy is considered as a trigger to hyper-competition in businesses because we can also observe this in present situation where world is suffering from a pandemic named as "COVID-19" and every nation is going through a very tough time as people are get infected and died in large number and most of the countries, atleast more than 80 countries follow some precautions like social distancing and lockdown applied in many of these state.

As we all know that, this virus first appears in Wuhan which is a place in CHINA and they suffer alot and lockdown the Wuhan and such areas where people found covid-19 positive and because of the lockdown thing everything is closed and market goes down completely and this pandemic affects the economy very much and only some government offices and essential things are opening in the market to fulfill the needs of a needy person. And because of all this, corporate sector and companies suffers alot and many companies collapes as their shares value goes down to nil. So it proves that at present their is no hyper-competition in bussiness, everyone is trying to overcome this pandemic as economy is most important feature which affects too badly.