Answer to Question #225778 in Management for sindly

Question

Define and explain FIVE (5) important adaption success elements (for example: communicate, manage people, plan and manage the group and ...)that must be considered when firms move from conventional to online interaction for long-term sustainability during the Pandemic COVID-19 problem, using suitable examples.

Answer 1

1) Reorienting community-based employees on communication techniques—the company creates high-efficiency information delivery ways to reach out to clients via the internet. Use of trained IT staff, for example.

2) Leverage current tech-based communication channels- many businesses use social media platforms to communicate with their consumers, such as Twitter accounts.

Payment and pricing techniques, including financial technology (Fintech), are being adjusted to expedite consumer money transfers and payments.

4) Processing items for extended shelf life, simply transporting essential commodities, and customer door delivery is all examples of products and services that have been adopted.

5) Micro-distributors and retailers profit from growing their distribution networks of goods and services through distributors and retailers, ensuring timely payments and, therefore, cash flow.