Factors Determining Changes in the Management and Business Strategies: An Empirical Study in the Post-COVID Scenario

Abstract

Despite its unusual impacts, the slowdown in the response to COVID-19 creates risks inside the firm’s current operating scenario. It is because of the enormous value of the effects provided by the usage of recessionary events, this research article evaluates and examines the importance of unique skills and the issue of disaster situations in offices throughout the COVID-19 era. Concerns about the broader monetary framework’s activities suggest that recovery from the COVID-19 pandemic is unlikely to match a return to the previous modernisation period. We believe it is possible to address some of globalisation’s deficiencies by establishing a more prominent locally fundamentally based global monetary framework that promotes greater trust between national and global interests, execution and strength in global supply chains, and growth, thoroughness, and procedural fairness impacts. The ultimate purpose is to examine the influence of disaster on business enterprise modifying practices and innovative approaches. The evaluation emphasises the need to display the outcomes of particularly heinous and unexpected events. This is due to the fact that understanding the results of one of these devastating disasters is more important than forecasting the event. Furthermore, this viewpoint aims to investigate the COVID-19 and post-COVID-19 impacts on the working environment plan, region, and working with experts, as well as an organisation on work-related well-being and insurance assumptions. Its goals include determining how the working environment’s effectiveness and cost-control objectives align with the organisation’s social responsibility. A sample of 230 people from different business sectors was surveyed to know the factors that determine the changes in management and business strategies and their impact. It is found that there is a significant impact of changes in the management and business strategies in post-COVID scenario.

Keywords: COVID-19, Business, Challenges, Management, Business Strategy

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