Open AccessThe Impacts of COVID-19 on Business Practice: Some Key Insights
Author(s) -
Rajeev Sooreea,
Brinda Sooreea
Publication year - 2022
Publication title -
advances in social sciences research journal
Language(s) - English
Resource type - Journals
ISSN - 2055-0286
DOI - 10.14738/assrj.812.11521
Subject(s) - covid-19 , key (lock) , perspective (graphical) , business practice , business , pandemic , computer science , business administration , computer security , virology , medicine , disease , pathology , artificial intelligence , outbreak , infectious disease (medical specialty)
This paper provides an overview of some of the key economic impacts of COVID-19 on business practice, especially in the U.S. In particular, we synthesize some of the latest research, findings and developments from various academic literature and business sources to provide a managerial perspective of the effects of this pandemic. In addition, we show some characteristics of the so-called “new normal” and what kind of innovative business opportunities could arise as a result of the fundamental changes in the global economy. We conclude by highlighting how some emerging countries like India could tap into such opportunities despite the dire global situation.