Impact of COVID-19 on Business Organization, Industries and Economy

Abstract

The pestiferous corona virus has carried unforeseen wavering into the business organizations globally. With this virus, the world is facing a health pandemic along with confronting the economic downfall. Industrial sector is facing the decline as well. Millions of employees have lost their jobs. In this paper I discuss the challenges and some remedial steps for business organizations, industries and world economies to recover from the virus and bring themselves into stabilization. Like other sectors government also has to re imagine how new policies get the economy to restart the growth. The comprehensive study of the commercial, industrial and other sector losses are emphasized in this paper. Remedies for each sector to overcome the losses are provided with considering required containment measures for the virus. Then lastly, I cover the comparison of COVID-19 with Influenza pandemic 1918.