Question: BASED ON THESE GUIDELINES PLEASE ANSWER THE QUESTIONS IN BOLD BELOW FOR NUMBERS 6-10 COVID 19 is a global pandemic that has had far reaching
BASED ON THESE GUIDELINES PLEASE ANSWER THE QUESTIONS IN BOLD BELOW FOR NUMBERS 6-10
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!
-------------------------------------------------------------------------------------------------------------------------
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.
6. Food Delivery: Shareholders for food delivery seeing increased revenue. Customers able to have access to food. Employees able to continue working. Communities benefiting. Suppliers able to generate revenue. Government passed new laws to benefit and generate money. Competition between competitors. Lenders being paid. what about PROFITS as those affect stock price NOT revenues (which hopefully result in profits); employees HIRED and more hours; Suppliers - fuel? vehicle maintenance?
7. Streaming Services: Consumers increased consumption of streaming platforms. Shareholders saw stock prices increase and forecasts surpassed sales growth. Government benefited with an increase in revenues. Suppliers grew new products within existing streaming platforms. Employees maintained jobs and had more job opportunities.
Competition ramped up (remember Porter's five forces - it's the most important; Suppliers of HARDWARE to view streamed products on had huge growth....lenders benefitted how?
8. Grocery Stores: Suppliers provided more raw materials. Employees in demand due to new lines of revenue for stores. Shareholders benefitted with stock prices increasing. Government benefited from sales and payroll taxes. Public and communities had safe hours for shopping for vulnerable populations. Lenders paid on time.
Govts collect taxes -- what kinds? sales and payroll taxes; Lenders paid on time;
9. E-commerce: Suppliers, distributors and owners had increased demand. Consumers could have essentials delivered and increased access to goods. Employees increased hours. Governments and communities gain income with increase in sales growth.
too broad -- be more specific -- about suppliers, Lenders? stockholders (usually rather than owners)...
10. Technology: Companies accelerated timeline for digitization. Shareholders, special-interest groups, suppliers, governments, competitors, lenders, and unions benefited from acceleration. Employees in demand and worked more hours due to demand. Consumers benefited from digitization of goods.
TOO BROAD - WHAT special interest groups? Tell me how these benefitted - very generic
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
