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MGT603 Strategic Management GDB Fall 2020 Solution / Discussion

Total Marks 5
Starting Date Tuesday, December 15, 2020
Closing Date Monday, December 21, 2020
Status Open
Question Title SWOT analysis
Question Description

The current business environment is embedded with a new set of challenges due to the COVID-19 pandemic. All the businesses have undergone many adjustments/structural changes to cope with the pandemic. Many Brick & Mortar businesses are at the edge of extinction, while at the same time, many new businesses/existing are indicating growth in their books.

Keeping in view the above case, discuss the issue logically, and answer the following questions. 1. Do you think that COVID-19 is an opportunity/threat to the businesses? 2. Support your answer with suitable examples in either case, if any.

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MGT603 GDB Solution # 1 Fall 2020 - Strategic Management

 
MGT603 GDB idea solution
Idea solution . Covid 19 is biggest Threat for the business because uncertain situation prevail in economy due to that many people loose jobs as there is no business. frequent delay in consignments .People afraid to go out unnecessary , govt imposed measures to keep masks n gloves which lead to psychological issues. Due to covid 19 , businesses are meeting shutdown points coz heavy losses . it did not affect only small but also large scale business. so unemployment increased ,profits reduced ,conferences ,exhibitions cancelled which results no new markets fors businesses emerged. Further it doent affect only developing countries but developed countries also ,Now situation of business globally facing depression phase which may stay more then 2,3 years untill vaccination is launched . Global travel affected badly countries are bankrupted and applying for new loans and extension in installments of loans or forgiven of loans . A very few businesses get the opportunity like making Mask gloves and medicine but overall covid 19 is Threat for global economy.
Total Marks 5
Starting Date Tuesday, December 15, 2020
Closing Date Monday, December 21, 2020
Status Open
Question Title SWOT analysis
Question Description

The current business environment is embedded with a new set of challenges due to the COVID-19 pandemic. All the businesses have undergone many adjustments/structural changes to cope with the pandemic. Many Brick & Mortar businesses are at the edge of extinction, while at the same time, many new businesses/existing are indicating growth in their books.

Keeping in view the above case, discuss the issue logically, and answer the following questions. 1. Do you think that COVID-19 is an opportunity/threat to the businesses? 2. Support your answer with suitable examples in either case, if any.

Solution

Covid-19 is biggest threat for the business because uncertain situation prevails in economy due to that many people lose jobs as there is no business. Frequent delay in consignments. People afraid to out unnecessary, government imposed measures to keep masks and gloves which lead to psychological issues. Due to covid-19 businesses are meeting shutdown points because heavy losses. It did not affect only small but also large-scale business.

So, unemployment increased, profits reduced, conferences, exhibitions cancelled which results no new markets for businesses emerged. Further it doesn't affect only developing countries but developed countries also, now situation of business globally facing depression phase which may stay more then 2, 3 years until vaccination is lunched. Global travel affected badly countries are bankrupted and applying for new loans and extension in installments of loans or forgiven of loans. A very businesses get the opportunity like making mask gloves and medicine but overall covid-19 is threat for global economy.

Solution

Covid-19 is biggest threat for the business because uncertain situation prevails in economy due to that many people lose jobs as there is no business. Frequent delay in consignments. People afraid to out unnecessary, government imposed measures to keep masks and gloves which lead to psychological issues. Due to covid-19 businesses are meeting shutdown points because heavy losses. It did not affect only small but also large-scale business.

So, unemployment increased, profits reduced, conferences, exhibitions cancelled which results no new markets for businesses emerged. Further it doesn't affect only developing countries but developed countries also, now situation of business globally facing depression phase which may stay more then 2, 3 years until vaccination is lunched. Global travel affected badly countries are bankrupted and applying for new loans and extension in installments of loans or forgiven of loans. A very businesses get the opportunity like making mask gloves and medicine but overall covid-19 is threat for global economy.

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