In the chaos of the current global movement, we are all affected with the COVID-19 disease, the oil price turmoil and the next financial crisis.
The latest update from US that they are testing the vaccine for coronavirus but it will take a year of 18 month from now to validate it.
And as forecast, the next financial crisis will only be around the corner at any time now.
One good thing we can see is that the citizen of the world come together in facing this and cleanliness has become a priority of all living human.
Perhaps, the world need a calibration or major resetting on how human have behave toward it for all this while.
Perhaps ...
Dear Sutiman Abd Shukor, Few economic entities such as pharmaceutical companies that will create a vaccine for Coronavirus Covid-19 or enterprises producing disinfectants, protective masks, sterile gloves, etc. However, there will be many more industries, sectors, branches of the economy as well as companies and enterprises that will see declines in revenues from sale of manufactured products and services offered. In macroeconomic terms, countries that are exporters of certain raw materials with currently low price levels on commodity exchanges will suffer more economic and financial losses. In meso-economic terms, tourism, transport, hospitality, gastronomy, show business, cultural events and related services will suffer heavy losses and sectors. In microeconomic terms, falling other sales will also be noted by many other enterprises from other industries and sectors that are cooperatives of other enterprises operating in industries characterized by falling profitability.
Do you agree with me on the above matter?
Please reply.
I invite you to discussion and scientific cooperation.
Thank you very much.
Best wishes.
Dariusz Prokopowicz
Dear Dr. Darius, a very sharp reply.
Totally agreed with you on this. As you have divided the perspective into macro-meso-micro (economic) ... now the third forecast that the financial crisis will just be around the corner will soon happen.
This is where we can gauge the situation via the risk assessment methodology.
Knowing the strength and the weakness, identifying the opportunity and the threat and next is the mitigation plan in closing all the gap.
Lets have a close monitor on the strategy that will be taken by the leaders of the nation (definitely with the support of the subject matter expert) and learn from it.
Thanks
The world needs to reboot and rethink where to invest for future generations. More money will be invested on health, social, and other developmental sectors.
Consequences of the presence of corona virus in human life :
-Promotion of biological knowledge, -Health promotion, -New Life Style, -Strong family relationships, -retrieving the concept of home,
-Change the concept of war, -Herd death, -New Population Definition, -Human Resources Command, -the need to use IoT more,
-Sectional Profitability, -Cross-section expensive, -Equipping humans with new safety tools, -changing life style, -Global Links, -World Pain, -Global treatment, -Global Unity, -Health human desire,
Its a natural disaster, most deployed the stakeholder theory of corporate social responsibility
Dear Sutiman and Dariusz,
What do you think about a study conducted in different countries to see the perceptions of stakeholders? In order to write together a scientific article?
Yours truly,
Daniel
Dear Dr Daniel Moise
Its very great idea to gauge the perception of the stakeholders on this matter.
Because we can see the global impact and the consequences on what are happening.
The result from the research share be a good references for the next generation by doing so.
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