Effect of Covid 19 on Business

OutlineTitle: How COVID-19 is affecting today’s businessThesis: The pandemic Covid-19 has largely influenced the business world by accelerating the digital transformation with short-term and long-term considerations, emphasizing the crisis management under a vulnerable world, and restructuring the organizations through multiple aspects, including common objects, partnership, labor management, and authority or leadership. I. Introduction1. Describe what “Covid-19” is and when it started2. Discuss the damage that Covid-19 has caused to the business, and what potential dangers it may have.3. Topic sentence/Thesis aboveII. Body1. Digital transformationa) Describe the image of digital transformation (past, recent, and post-COVID)i. Supporting ideas, such as how some companies plan to do thisb) Why digital transformation? ii. As a solution for the pandemiciii. Urgency of digital transformationiv. As an essential business innovation, the “New Normal”c) To what degree is this pandemic accelerating the process?i. Supporting ideas, such as how companies have already done to the transformation2. Crisis managementd) Inspirations from COVID-19: how crisis became more frequent in today’s worlde) How do companies perceive crisis management nowadays? And future?f) What changes have companies made since the pandemic or what they plan to do for crisis management?3. Restructuring Organizations a) Common objects: changes in company values and cultureb) Partnership: what partnership are companies seeking during the pandemicc) Labor management: how labor structure is getting changedd) Authority or leadership: top management differences between the past and the present, and maybe the futureIII. Conclusion1. Restate thesis2. Summarize all the arguments