The business process means the right combination of structure, people, and technology. Business always revolves around the customer. When many consumers start purchasing the product, and like the product, it means business getting moment.
The customer is all in all. It is a fact that customer is the key, and to address their needs and challenges, an entrepreneur should focus on a task that accurately produces the products what customer like a hundred percent. At the time of crisis such as COVID 19, people often hesitate to visit the location they desire to purchase and take services. Life and livelihood matters. A positive workplace, coupled with the participative behavior of the manager, speedily cumulates performance, and serve the customer well. A positive workplace means behaving well by the persons involved, surrounded by the safety pieces of equipment at a tough time.
Life and livelihood matters.
Businesses now suffer from increased competition and unavailability of talented people. Some business experts agreed on the statement that organizations are not starting policies adequately, such as performance-based pay. Performance-based pay is according to the ability of the employees and the kind of contribution they made towards producing goods and services.
Additionally, a one-stop-shopping feature linked to promotions is also the other attractive problem-solving feature for the entrepreneur. A one-stop shopping center means a store where everything is possible to buy, such as a gas center where the center has been equipped with other services such as restaurants and even equipped with the medical center. Hence, the customer can find what they need in the same place.
A crisis like COVID 19 affects the current business in a manifold. Business cannot supply materials as per the requirement of the customer. What does an entrepreneur need to do to initiate change brought by the crisis like COVID 19? For instance, the organization must extend trust among loyal customers in a way that inspires them fully. Inspiring employees and increasing loyalty to the customer means innovating new ideas and insight instantly. A new idea stands and teaches how to cope with the unwanted situation like COVID 19.
To fight on a crisis is not an easy task. One way to ease the problem is to align the business function with customer needs and aspirations. For example, at the time of COVID 19, mask producing organizations need to schedule producing quality masks as per the customer’s demand. Producing a mask is supposed to be at the least cost possible. Such a priority-based function must link to the vision, mission, and goal of the organization. Activities like this help to get the job done smoothly.
Inspiring employees and increasing loyalty to the customer means innovating new ideas and insight instantly.
COVID 19 has brought negative implications. Negative implications appear to the form: they lack internal resources such as people, money, and machines. Organizations also face fierce competition with rivals and low production. Low production invites an unbalance between demand and supply. For example, at the time of COVID 19, business selling will be dropping drastically, and the effect is on low employment or even losing a job, thereby creating low income, low saving, and low investment. The ultimate result is that low sell means low income, and low income is the low investment, and there appears the situation of not functioning business smoothly.
Low production invites an unbalance between demand and supply.
Thus, to cope with the prevailing situation, organizations need to develop a culture of increasing trustworthiness. Trustworthiness appears in the form of integrity and sound vision enough to bring forth an outstanding performance. The crisis like COVID 19, there appears an unwanted situation forced organizations to have a low rate of economic indicators accompanied by low sell. The situation prevails due to the unmatched situation of demand and supply. In a crisis like COVID 19, demand for the necessary goods rise to compare with the low material supplied.
Turning back in the earlier position as hit by COVID 19, an organization need to set a new business policy that has enough capability to hit the root cause of the problem. For instance, making robots more energetic to supply medicines to needy people will be a milestone innovation. Equally, incorrect practices such as the trend of not using modern technology as per the consumer demand must be removed. Overarching policies for successful acumen must develop at the level to get a job done a hundred percent.
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