Please Answer all Question question 1 and 2 An operations strategy life cycle for the current crisis

While manufacturers globally continue to grapple with the economic contraction triggered by the COVID-19 pandemic, some are already considering what they can do now to get ahead of the crisis. Or, to use a renowned ice hockey aphorism: They're skating to where the puck is going. According to PwC's Global Crisis Center, most crises require short-term reactions around mobilization, medium-term stabilization efforts, and strategizing for long-term and permanent transformation.However, we believe manufacturers should strategize now on how they can transform and position their organization in ways that will give them a competitive advantage and help create greater resilience in a post-crisis world. This ought to be done on the heels of the disruption, throughout the crisis and during recovery.This may seem like a lot to ask, as each manufacturing sector faces its own stiff headwinds. Indeed, according to a recent PwC survey, 74% of CFOs at US industrial products companies agreed that COVID-19 has the potential to significantly impact their business and is causing "great concern."

For example, as the automotive sector begins reopening shuttered production, it does so amid great uncertainty about consumer demandand with a global supply base that has been damaged financially and operationally. Likewise, commercial air travel demand has nosedived, and there's little insight into when that demand will recover. Aircraft OEMs, their tier suppliers and the maintenance industry should fundamentally rethink future-state supply-and-demand requirements. Industrial manufacturers, meanwhile, are shutting down plants due to parts shortfalls and plummeting consumer demand. While dealing with this disruption, most manufacturers are fighting to keep their workforce intact and shore up cash liquidity.

Source: https://www.pwc.com/us/en/library/covid-19/manufacturing-operations-strategy-coronavirus.html(Links to an external site.)

1. With an appropriate diagram, elaborate several stages of the Business Life Cycle in strategic management . 2. Elaborate the concept of the Value Creation Model that applicable in automotive companies.