How do you currently describe the business climate globally? What are the implications for the companies in the same industry as your CLC group’s company? Explain why

Management Feb 23, 2021

How do you currently describe the business climate globally? What are the implications for the companies in the same industry as your CLC group’s company? Explain why. Please explain and cite examples.

Expert Solution

The definition of business climate is made up of economic and professional setting surrounding an enterprise or industry. At this point in time, due to covid , business climate globally is not has robust as it used to be and it will take years to get back to where it was.

Banking is our industry, what we will see is a more of a shift from an online based banking rather than a brink and mortar type banking. What couple happen is that thousands if not hundreds of thousands of jobs will be lost due to this.

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