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Saudi Electronic University College of Administrative and Financial Sciences ECOM201 – Introduction to E-management Assignment 2 Discussion 2021/2022 Case: During the Covid-19 pandemic (and based on its nature), a great deal of businesses has been impacted by it
Saudi Electronic University College of Administrative and Financial Sciences ECOM201 – Introduction to E-management Assignment 2 Discussion 2021/2022 Case: During the Covid-19 pandemic (and based on its nature), a great deal of businesses has been impacted by it. Also, due to its rapid outbreak, working from home and the limitation of travel become vital and critical to limit the spread of Covid-19 as well as the safety of the people. Thus, digital transformation and E-management show its importance and great value in this kind of situation. This pandemic has forced companies and corporations to highly depends on digital technology, and E-management practices as millions of people are working remotely from homes. Requirements: Based on your understanding, you are required to provide Five Factors that are considered the most advantageous and beneficial to the company. In other words, what are the top 5 factors that a company should have taken during the pandemic that kept its business alive? Important details Due date Marks End of week 9 5 marks Useful links: • http://www.nottingham.ac.uk/studentservices/documents/planning-and-preparingto-write-assignments.pdf • APA reference system https://student.unsw.edu.au/apa • About plagiarism http://wts.indiana.edu/pamphlets/plagiarism.shtml • About plagiarism https://en.wikipedia.org/wiki/Plagiarism Guidelines for the assignment: • This is an individual project, which is part from your course score. It requires effort and critical thinking. • Use the given cover page below. One mark will be deducted if there is no cover page. • Your assignment must be supported by evidence and resources. Otherwise, your answer will not be valid. • Use font Times New Roman, Calibri or Arial. • Use 1.5 or double line spacing with left Justify all paragraphs. • Use the footer function to insert page number. • Ensure that you follow the APA style in your project. • Your project report length should be between 400 to 500 words. • Up to 20% of the total grade will be deducted for providing a poor structure of assignment. Structure includes these elements paper style, free of spelling and grammar mistakes, referencing and word count. Saudi Electronic University College of Administrative and Financial Sciences E-commerce Department Student Name: Student ID: Course Title: Course Code: Academic Year/ Semester: CRN: Instructor Name: Student Grade: Grade Level:
Expert Solution
Strategic Factors to Ensure Business Continuity Post-COVID-19
The outbreak of the Covid-19 pandemic has caused a common global problem that has affected a considerable number of companies and their operations. However, some companies were able to survive during the pandemic through the adoption of viable strategies. The paper looks at several factors that can help companies keep their business alive during the pandemic.
Multi-stakeholder Collaboration
The Covid-19 pandemic has illustrated how essential it is for organizations to embrace systematic flexibility. Companies can build the fabric of trust across diverse stakeholders who play vital roles in the supply chain to keep their businesses alive. According to Advani (2020), organizations such as the Transport Corporation of India have identified and developed systematic change through cooperation that has helped the company continue its operations during this Covid-19 pandemic.
Organizational agility
Organizational agility is an organization's ability to combine speed and stability to allow it to adapt to specific rapid market changes. Agility combines both speed and stability, a strategy that most businesses could adapt to respond to the impacts of Covid-19 in a swift way. Some giant companies achieved this strategy by transitioning to digital systems that ensured employees worked remotely without any challenge (Roma, 2020). Therefore, organization agility is considered a viable factor that has already been employed and still is affirmed to help businesses sustain their operations during this Covid-19 pandemic.
Digitization
Baig et al. (2020) support that the outbreak of Covid-19 has led to massive transitioning and implementation of modern systems as never imagined before. The pandemic has brought about structural shifts that can only be supported through the digital engagement of employees and customers. As a result, a digitalized operation is considered an effective strategy to help organizations keep their business alive during this Covid-19 pandemic.
Responding to Logistics Demand
Companies developed e-commerce models to make it easier and swifter for customers to purchase goods online. An increase in e-commerce during the pandemic led to an increased desire for reliable logistics by companies. There is a need for a connected supply chain to help ensure visibility and allow all stakeholders to respond to changes in the shipment of goods. Adoption of logistical demands is considered a factor that can ensure business survival during this pandemic.
Rebranding and Merging
A number of companies opted to rebrand their image and merge with other giant companies to create a new perception to consumers (Nivetha & Sudhamathi, 2021). Companies started offering new services that responded to changes in trends brought by the outbreak of COVID-19. Companies that never had online services and delivery services adopted them to enhance operational continuity with the help of their mergers. Therefore, it is arguable that the factor of rebranding and merging can play a key role in helping companies sustain their operations during the pandemic.
Strategic Factors to Ensure Business Continuity Post-COVID-19
Saudi Electronic University
College of Administrative and Financial Sciences
E-commerce Department
|
Student Name:
|
Student ID: |
|
Course Title:
|
Course Code: |
|
Academic Year/ Semester: |
CRN: |
|
Instructor Name:
|
|
|
Student Grade: |
Grade Level: |
Strategic Factors to Ensure Business Continuity Post-COVID-19
The outbreak of the Covid-19 pandemic has caused a common global problem that has affected a considerable number of companies and their operations. However, some companies were able to survive during the pandemic through the adoption of viable strategies. The paper looks at several factors that can help companies keep their business alive during the pandemic.
Multi-stakeholder Collaboration
The Covid-19 pandemic has illustrated how essential it is for organizations to embrace systematic flexibility. Companies can build the fabric of trust across diverse stakeholders who play vital roles in the supply chain to keep their businesses alive. According to Advani (2020), organizations such as the Transport Corporation of India have identified and developed systematic change through cooperation that has helped the company continue its operations during this Covid-19 pandemic.
Organizational agility
Organizational agility is an organization's ability to combine speed and stability to allow it to adapt to specific rapid market changes. Agility combines both speed and stability, a strategy that most businesses could adapt to respond to the impacts of Covid-19 in a swift way. Some giant companies achieved this strategy by transitioning to digital systems that ensured employees worked remotely without any challenge (Roma, 2020). Therefore, organization agility is considered a viable factor that has already been employed and still is affirmed to help businesses sustain their operations during this Covid-19 pandemic.
Digitization
Baig et al. (2020) support that the outbreak of Covid-19 has led to massive transitioning and implementation of modern systems as never imagined before. The pandemic has brought about structural shifts that can only be supported through the digital engagement of employees and customers. As a result, a digitalized operation is considered an effective strategy to help organizations keep their business alive during this Covid-19 pandemic.
Responding to Logistics Demand
Companies developed e-commerce models to make it easier and swifter for customers to purchase goods online. An increase in e-commerce during the pandemic led to an increased desire for reliable logistics by companies. There is a need for a connected supply chain to help ensure visibility and allow all stakeholders to respond to changes in the shipment of goods. Adoption of logistical demands is considered a factor that can ensure business survival during this pandemic.
Rebranding and Merging
A number of companies opted to rebrand their image and merge with other giant companies to create a new perception to consumers (Nivetha & Sudhamathi, 2021). Companies started offering new services that responded to changes in trends brought by the outbreak of COVID-19. Companies that never had online services and delivery services adopted them to enhance operational continuity with the help of their mergers. Therefore, it is arguable that the factor of rebranding and merging can play a key role in helping companies sustain their operations during the pandemic.
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