Develop a case of any famous MNC company's business cycle during this period of pandemic.
Answers
Answer:
HLB
Explanation:
The number of confirmed coronavirus cases is likely to surpass the 1.5 million mark this week and the impact on society and the economy is massive. The stock markets had their worst quarter in 30 years and business activity has steeply declined. It is devastating to hear our clients tell us their revenue streams have drop by 80% in a weeks’ time. And this is affecting a wide range of industries. But if there is one good thing coming out of the COVID-19 crisis, it is that businesses are forced to innovate and re-evaluate the way they operate. For example, the tech community has risen to the occasion of helping communities adopt technology to overcome some of the challenges associated with the coronavirus pandemic, as technologic enablement allows parts of – or in some cases entire – organisation to continue operations amidst the current situation. For sure, the world will look different post-virus and so will international business models.
C-suite officers and business owners shift their focus
Earlier this year, HLB’s global survey of business leaders identified characteristics of future business models for success to be more mobile, cloud-enabled and having a more flexible workforce. Yet, our analysis found an execution gap between what business leaders focused on improving in the next 12 months versus what they needed to focus on in order to build business models for the new decade. But then the COVID-19 pandemic hit, and C-suite offers are forced to shift their focus, consequently steering them towards more flexible, mobile and cloud-enabled models.