How business is dealing in this pandemic situation
The pandemic received different kinds of responses from businessmen of different sectors. With each of them struggling to survive through the crisis they fought tooth and nail to prevent their company from drowning.
The World Health Organisation announced Covid-19 as a pandemic. The massacre caused by this pandemic has costed people’s life, their jobs as well as the country’s economy. According to Google, “since the first week of February, search interest in coronavirus increased by +260% globally.” While a sudden surge in search patterns is normal through the events of this scale, likewise there have been floods in trade-related items and themes as an instantaneous reaction to the pandemic.
Covid-19 has mercilessly slaughtered hundreds of businesses. Some are continuously fighting like a warrior with this crisis whereas others have let their guards down. This episode has conveyed an unpredictable hit to organizations as almost everything from little eateries to worldwide corporations have been compelled to change how they accomplish their work amidst shutdown orders to keep the spread of the virus in check. They have likewise needed to execute these gigantic hierarchical changes in simply within weeks to remain above water - with numerous organizations moving to full-scale telecommuting plans and others betting everything on delivery.
There is a very distinguished story about how different companies are coping and guarding themselves with the immediate crisis.
Some of the companies, like airlines, have failed to search their ground due to the restriction of ride owing to the on spread of the virus and this led them to face humongous losses. This resulted in millions of workers losing their jobs and becoming unemployed.
To maintain the decorum of social distancing as well as lockdown policy people are forced to work from home using various online methods. Amy Smith, a yoga teacher at Laughing Buddha Hot Yoga in West Deptford, New Jersey told me that she has been doing live yoga through online mode seven days a week. She said to Local ABC News affiliated WPVI, “I do them on Zoom then upload them on YouTube then link them to MINDBODY to get to as many platforms as we can get on”. Being considerate of people’s condition during lockdown she conducts her yoga sessions for free and denies any type of payment but this causes a major loss to her business.
Taking a cue from the example of Spotify which is leading the music streaming. Technically, it consists of ample elements which would lead Spotify to strike success in the lockdown economy. Provided the fact that it can easily feed upon consumer’s boredom who are trapped in their houses. Disappointingly, they are still juggling for profit as unlike Apple Music they rely on free users who must hear their advertisements.
While private companies are expected to be affected the most, a significant number of them are attempting to revive themselves, finding imaginative approaches to prop their activities up by utilizing innovation and maintaining the emphasis on clients. Nonetheless, the online mode may not be plausible for all. Numerous organizations couldn't reproduce their prior working model during the lockdown; it is significant to look for another discourse. While there are countless remote interfacing choices accessible, what works for a specific association relies upon its qualities, client’s demand, and culture. The exercises ought to be lined up with the central mission.
Jayanagar Jaguars (JJ), a wellness organization with a plan of action based on the actual presence and having directed significant marathons before despite, its presence in 27 locations they never had any training. Post Covid-19 they are starting to recalibrate their objective of having 50 areas this year. Likewise, Bangalore Adventure School (BASCOOL) that gives specialized preparation to open-air experience exercises depended on actual gatherings in any event, for their hypothesis meetings.
Therefore, JJ backed up with a “fit-from-home” program and BASCOOL thought about innovations in which they could motivate people to undertake safe adventures void of any physical sessions.