COVID-19 Business Impact: Evolving the Change

Economic Crisis during the Corona Virus Pandemic is one of the worst economic emergencies and recession entire world has witnessed and the lost economic output measured in GDP worldwide could be as high as USD 12 Trillion.

Lockdown Exit, Business Entry – When ?

R is important, but so is the absolute number of new cases

Epidemiological concepts like the reproduction number (R) of a virus defines the transmissibility of a pathogen, as measured by the average number of people to whom each infected person transmits. R is a measure of change; it tells us how fast the epidemic will expand or shrink. Values greater than one define a growing epidemic, while those less than one define a shrinking one.

R has been getting a lot of attention, for example, in defining the packages of interventions that can yield R<1 in a given setting. But the absolute number of cases is also important. Imagine two cities, each with an R of 0.9, implying a slightly declining epidemic. But one of the cities has 1,000 new cases per day and the other has ten. The former faces a far higher risk in reopening than the latter.

In practice, we are seeing countries and regions take divergent approaches to this question. Hubei Province in China waited until reported cases were near zero to reopen, whereas Italy and Spain took the first steps to reopening with daily case counts at more than 1,000. Every location needs to balance public-health and economic imperatives; we can’t say which approach is better, but we are likely to learn more about what works in the weeks and months ahead.

Giant Companies Will Dominate After Crisis
The virus outbreak supercharged a continuing shift in the markets, with a few giant companies now exerting the most influence over the direction of stocks since the tech boom.
Massive 74% Small Businesses, Startups may shutdown or scaling down of their operations in the coming six months due to the impact of the Covid-19 pandemic, according to a survey of startups and SMEs based in more than 90 districts in India.

Living With Corona Virus – Is it a Solution ?

It’s (still) all about Testing, Tracing, and Targeted Quarantine to control Pandemic by Government
and
Training, Teaching and Upgrading to Workforce Version 2.0 which is above average in the Skills, Knowledge and Efficiency  for Businesses, Entrepreneurs, Startups or Service Sector to Counter Economy Crisis

3 Business Tips to Survive and Evolve COVID CRISIS

Small and Mid-Sized Businesses, Professionals and Service Industry

Upgrade Your Skills, Business Workforce to Version 2.0 > More Competent, Productive, Efficient and Digitally Competent. Gaining Edge over your Competitors will be based on Technology Competent, Digitally Operational Enabled and Human Nature of Business. Physical Distancing with Social Closeness

• Secure Liquidity
  Cash Flow and Maintaining the Consistent Revenues will be the one of the key challenges for small businesses after Corona Crisis. Truncate Overhead Costs (Whichever and Wherever Possible) and be prepared for unpredictable market dynamics so that you can sustain the off phases
• Evolve and Re-Sync your Operation Process
  Businesses in services sector and particularly those engaged in knowledge-based services have an advantage in allowing their employees to work from home. They must quickly evolve their internal processes to facilitate sustained operations from employees working from their homes. Make your Employees and Workforce Digitally competent, Hire Young Digital Savy Talent and Digital Marketing Skills will be giving your business an edge over the competitors.
• Learning and Training
  Upgrade skills, be more competent, train your team with skills both in terms of process and efficiency. Replace Average Skills with Advanced Skills – Time for Version 2.0 Workforce – Skilled, Digitally Competent, Effective and Fast