Question

QUESTION 3 [25 MARKS]
3.1
“COVID – 19, is a global pandemic which had huge impact on global economy”
Critically discuss any two decisions that Unilever leadership may need to take
to address the global impact of COVID 19 on their business. Give examples in
your discussion.

Answer 1

This assessment will discuss any two decisions that Unilever leadership would need to take to address the global impact of COVID-19 on their business, with examples:

1. Decisions regarding employees:

the company will have to make decisions regarding employees that how they would work, whether the company will allow work from home to several employees they have to come to the office daily.

The company will have to make several decisions regarding the various staff of different departments in their factories and the office.

E.g., they will decide regarding various measures the employees will have to take when coming in the organization or the workplace and how the company will manage employees and supervise the employees who are working from home.

The company will also have to decide and formulate various policies for employees like if they feel the symptoms of COVID-19, then they can take leave for some days.

Moreover, the company will also have to decide the compensation of the employees working from homecoming to office and decide the paid leave of sick leave for the employees who have symptoms, and they have self Quarantine themselves in their homes.

2. Taking decisions regarding their finance:

the company will have to find numerous ways to cut down their cost to save as much finance as possible while maintaining the quality and core competency at the same time.

The company will have to plan for every outcome for the best-case scenario, a worst-case scenario, and everything.

The company will have to review their debts and identify their cash positions and create any payment plan.

The company will also have to perform numerous other ways in their financial decisions.

E.g., the company might have to find some new sources for revenue by adapting to the changes economy and environment.

The company will have to make most of its current clients because it is a time to support each other and not gain because of the situations.

It will help bring trust and loyalty to our clients, and it would be the best investment for any company.