Question: BASED ON THE PROVIDED GUIDLINES PLEASE ANSWER THE QUESTIONS IN BOLD UNDER NUMBERS 1-5 COVID 19 is a global pandemic that has had far reaching
BASED ON THE PROVIDED GUIDLINES PLEASE ANSWER THE QUESTIONS IN BOLD UNDER NUMBERS 1-5
COVID 19 is a global pandemic that has had far reaching effects on the economy. For most companies and industries, this has been a THREAT but for some companies and industries, it has been an OPPORTUNITY. The assignment is to develop a list of 10 industries that have benefited or been damaged by the outbreak and the subsequent governmental activities taken to protect citizens of their countries. At least four must be positive INDUSTRY opportunities and four should be examples of INDUSTRY threats. You may use companies to explain but I want you to think INDUSTRY.
Therefore, each TEAM may have five of each ONE PAGE TOTAL 12 point font, Word document, spell checked simple statements of explanation WITH NO JUSTIFICATION of why you picked this industry as the impacts on stakeholders make it obvious.
Please include all affected stakeholders and be specific and include all stakeholders. See Chapter 1 of the e-book for a list of stakeholders. Your TEAM should create a discussion on your team discussion page in canvas to debate that you have looked at every stakeholder for every industry!
There is NO need to include your team name/title of assignment as ONE member submits the assignment through their canvas account into the assignment. CONCISE BUSINESS COMMUNICATIONS is part of the goals of this assignment for you. AGAIN, ONE PAGE LIMIT STRICTLY ENFORCED -- SINGLE SPACE, 12 POINT FONT -
Example: NO YOU MAY NOT USE THIS ONE but this is the process by which you IDENTIFY industries -
Threat Bars Here is your thought process-- Governments limited patrons or closed all bars in most states. This resulted in a drastic loss of revenue for alcoholic beverages which may not be delivered or taken out without changes in local laws. DO NOT INCLUDE THIS in your submission- JUST THINK THROUGH THIS FOR SELECTION OF INDUSTRY AS OPPORTUNITY OR THREAT.
THIS IS YOUR RESPONSE not what is written above: YOU DO NOT EXPLAIN the 'WHY' just the impact on EACH stakeholder for EACH industry!
Employees are laid off, or working reduced hours. Owners' equity or stockholders' stock price drops. Suppliers have reduced income because of no demand for raw materials. Governments and the local communities lose money as less sales and payroll taxes are paid. Lenders or landlords are also not paid or slow paid. Distributors of supplies volume also drops. Communities benefit as less DUI drivers on the roads. Special Interest Groups - MADD (Mothers Against Drunk Driving) may benefit unless people drink more at home unsupervised!
If you submit on canvas well before the deadline, I will provide feedback so that you may improve your performance, This is a TEAM grade so every one of the TEAM should review EVERY ONE of the industries and affected stakeholders. DETAILS matter!
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Common Stakeholders Groups: (from chapter 1)
- Shareholders (aka stockholders)
- Customers
- Employees
- The general public and communities
- Special-interest groups
- Suppliers
- Governments (local, state, federal)
- Competitors
- Lenders
- Unions
Primary (key) stakeholders affect the firm on a daily basis (customers, suppliers, employees)
Secondary stakeholders affect the firm occasionally such as the government (but not for all firms), communities where the firm is located, special interest groups, etc.
1. Cruise Lines: Shareholders losing money. Customers not able to travel. Employees laid off. Suppliers having orders canceled. Communities not generating revenue. General public future safety concerns. Government regulation impacting government revenue (taxes). Competitors having same issues. Lenders concerned with loan payments.
communities lost SALES and WHAT communities? lenders slow or not paid - more specifics please - also what about GOVT details please lost sales and payroll taxes? subsidies?
2. Transportation: Shareholders making money due to increased work. Customers not utilizing product. Employees' hours increased. Suppliers having material shortages. Government losing money on gas tax. Competitors having similar impacts. Lenders are being paid.
Transportation very broad - what customers? rework specifics as I can't confirm WHAT segment you are describing so too generic
3. Real Estate: Landlords of tenants protected by COVID-19 temporary mandates lost income. Consumers had increased cost and decreased ability to travel to find new homes. Suppliers decreased for homes on the market. Government had loss of new taxes. Lenders had decreased loans out due to low inventory and high interest rate. landlords lost income, not necessarily PROFITS; lenders had loan defaults on properties - Commercial and residential have VERY different impacts; you also cross time periods - evictions no longer prohibited and this was before the SHORTAGE of homes for sales.....suppliers decreased?
4. Beauty & Personal Care: Consumers could not appear in person for appointments. Owners and employees faced decrease in income, closures, reduction of hours. Government and local community had job loss, loss of taxes which negatively impacted shareholders.
stock price dropped for public firms (super cuts, fantastic sams, etc) SUPPLIERS of shampoo, etc? also LENDERS/MORTGAGE holders?
5. Entertainment: Stakeholders and owners of performing arts venues, museums, art galleries, nature parks and zoos, sporting events, and more lost income due to closure. Employees saw hour cuts and job losses. Residents lost recreational access. Governments and local communities had less tax income and saw income loss. Passengers lost transportation opportunities.
TOO BROAD -- impacts are different; SUPPLIERS? LENDERS/MORTGAGE holders? and what is this last sentence about passengers lost transportation opportunities?
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