The outbreak of coronavirus (COVID-19) in Wuhan, China in December 2019 has rapidly morphed into an unprecedented health, economic and geopolitical crisis. With over 15 million confirmed COVID-19 cases and more than 600,000 deaths worldwide, the global pandemic is wreaking havoc on the global economy, triggering severe economic downturns, sending shockwaves through stock markets, and leaving millions across the globe without jobs. The World Bank estimates that the impacts of COVID-19 could push 500 million people further into poverty, and the pandemic threatens to reverse many of the development gains achieved over recent decades. Although Pacific Island countries (PICs) such as Fiji have recorded a smaller number of cases of COVID-19, governments have been quick to implement public health emergency measures including lockdowns, curfews and physical distancing, travel restrictions, and international border closures to prevent imported cases of the virus. The Pacific region, characterized by a strong dependence on tourism revenues has suffered immensely from border closures and lockdowns, with knock-on effects for overall economic activity, supply chain disruptions and job losses. Dampened economic activity and consumer spending has serious repercussions on the development outcomes of PICs and their ability to achieve the Sustainable Development Goals (SDGs). Source: United Nations Development Programme (UNDP). Required: With reference to the above statement, publicly listed company FIJIAN HOLDINGS LIMITED -FHL that has been affected by the COVID-19 pandemic. Compile a research report on your chosen company based on the following:

1. Outline and summarize the company’s vision, mission statement, objectives (or goals), and nature of the business operation.

2. Discuss how the company has been affected by the COVID-19 pandemic by the pandemic. Link these effects to the achievement of its vision, mission and objectives and in terms of business operation.

3. What are some of the organizational strategies i.e., organizational responses (structures/systems/practices) and management accounting responses (planning/control/resources management) that the organization has implemented or intend to in addressing the issues identified in (2.) above?

4. Evaluate the effectiveness of the organization’s responses and give your recommendations for business operation during and post-pandemic

 

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INTRODUCTION OF COMPANY Fiji Television Limited SPSE FTV is Fijis main television network It was founded on 15 June 1994 as the first permanent commercial television broadcasting network in the countr... View the full answer