Country : Saudi Arabia
Assignment Task:

Task:

The impact of COVID-19 on small business outcomes and expectations

In addition to its impact on public health, coronavirus diseasen 2019 (COVID-19) has caused a major economic shock. In this paper, we explore the impact of COVID-19 on the small business landscape in the United States, focusing on three ques- tions. First, how did small businesses adjust to the economic disruptions resulting from COVID-19? Second, how long did businesses expect the crisis to last, and how do expectations affect their decisions? Third, how might alternative policy proposals impact business and employment resilience?
To explore, we surveyed more than 5,800 small businesses that are members of Alignable, a network of 4.6 million small busi- nesses. The survey was conducted between March 28 and April4, 2020. The timing of the survey allows us to understand expecta- tions of business owners at a critical point in time when both the progression of COVID-19 and the government’s response were quite uncertain.

 

Executive Summary

For the purpose of understanding the magnitude of the impact of the Coronavirus pandemic (COVID-19) on Small and Medium Enterprises (SMEs) and to support policymakers, the General Authority for Small and Medium Enterprises (SMEs) launched the survey on the impact of COVID-19 on SME. The initiative is in cooperation with the Global SME Policy Network (GSPN), Prince Sultan University. The GSPN aims to provide data driven policies for government and international organizations for SMEs from G20 countries and across the globe to cope with the challenges facing during the COVID-19.
A total of 918 MSME (Micro, Small and Medium Enterprises) from 13 administrative regions (Riyadh, Makkah, Madinah, Qassim, Eastern Region, Asir, Tabouk, Hail, Northern Border, Jazan, Najran, Al-Baaha, and Al-Jowf) participated in this survey. The survey was conducted from 16 to 22 April, 2020. Key findings emerge from this survey analysis are:
Operations and Management 99.5% of the sample MSMEs of the study were negatively affected by the result of the Coronavirus pandemic (COVID-19). The "pessimistic view"1 is the likely scenario for more than 66% of the business owners if the Corona crisis continues in the coming month. Importantly, 65.2% of MSME were affected on its operations in a "very high" manner. 14.7% of the SME temporarily laid off more than 10 employees.

 

Essay: Impact of COVID-19 on Business Management (Individual)
This is a free format essay. There are thousands of research papers and reports available on internet. The essay may a result of the study of various reports and research papers, which cover many topics on COVID-19 including:
1. Definition and nature Pandemics
2. History of Pandemics
3. History of COVID-19
4. Symptoms of COVID-19
5. Treatment of COVID-19
6. Myth COVID-19
7. Vaccine for COVID-19
8. Saudi Arabia’s response to control & eradicate COVID-19
9. Positive & Negative Impact of COVID-19 on different kinds on business in ..
a. Corporations
b. SMEs and Large Businesses
c. Online businesses

 

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  • Uploaded By : Pearl
  • Posted on : October 29th, 2018
  • Downloads : 328

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