Impact of COVID-19 on Businesses and Employees: A Study on Transformation of New Business Models and Employee Engagement
Verified
Added on 2023/06/13
|8
|1774
|145
AI Summary
This report covers the impact of COVID-19 on businesses and employees, focusing on the transformation of new business models and employee engagement. It includes literature review, research questions, and identifying a philosophical position and methodological orientation.
Contribute Materials
Your contribution can guide someone’s learning journey. Share your
documents today.
Research Philosophy and Practice
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
Table of Contents 1- INTRODUCTION.......................................................................................................................3 Background of the topic..............................................................................................................3 Research Aim and Objectives.....................................................................................................3 Importance and relevancy of the topic........................................................................................3 2- IDENTIFYING LITERATURE REVIEW.................................................................................4 3- RESEARCH QUESTIONS.........................................................................................................5 4-IDENTIFYINGAPHILOSOPHICALPOSITIONANDMETHODOLOGICAL ORIENTATION..............................................................................................................................6 REFERENCES................................................................................................................................7
1- INTRODUCTION Background of the topic COVID-19 is a virus that has grown stealthily and become one of the deadliest viruses. It has killed many people world and declared as global pandemic. This is the virus which has taken birth in Wuhan, China and since then it has travelled more than 160 countries. World Health Organisation is the institution which has declared COVID-19 as pandemic(Bartsch and et. al., 2020). It has created mass scare and led thousands of deaths in several countries. COVID-19 has disrupted the business operations as Indian Government put sudden restrictions on the movement of people. Global pandemic has impacted businesses because they have moved towards remote working and switched to virtual for connecting with employees and customers. The existing report covers the detailed information about the impact of COVID-19 on businesses and the role played by it to accelerate new business models and increasing engagement of employees directly from their home. Research Aim and Objectives Research Aim: To identify the impact of COVID-19 in accelerating transformation of new business models and improving employee engagement within an organisation. A study on Research Objectives: To discern the ways COVID-19 have affected employees and business operations within an organisation To determine the impact of COVID-19 to accelerate transformation of new business models and improve employee engagement within Shoppers Stop To evaluate the benefits experienced by Shoppers Stop through digital transformation at workplace Importance and relevancy of the topic The topic impact of COVID-19 on businesses and employees is quite important because COVID-19 is the external event that is currently happening in the whole world. By covering information about this topic, exact situation of COVID-19 is carried out. As per the business perspective also COVID-19 topic is relevant because it highlights the positive impact as well as negative impact created by the emergence of global pandemic.
2- IDENTIFYING LITERATURE REVIEW It is the chapter that covers second-hand information about the topic of impact of COVID-19 on business operations. This gives detailed information about the topic from different secondary sources such as books, newspapers, articles, publications, journals etc. Ways COVID-19 have affected employees and business operations within an organisation According toKylili and et. al., (2020),due to large impact of this global pandemic, Indian Government had taken several measures to prevent the spread of COVID-19. The Governmenthas put lock down restrictionswhich has eventually put restrictionson the movement of people as well as business operations. Companies in India have experienced unprecedented employee disruption. Organisations were forced to shut down its operations or decrease its production and working capacity. It was challenging for company to manage and control its every business operation virtually because this was the situation they were facing for the very first time. Companies were determining the way they will work in long-term and short- term as communities and workforces were trying to perform and function. Due to the occurrence of global pandemic COVID-19, organisations have seen major change in the behaviour of consumers, supply chains etc. Companies have seen major shift in the behaviour of customers as they have developed mind-set of saving their funds and spending it on essential items and needs. Organisation has also faced issue of managing and dealing with employees who are working directlyfromtheirhomebecausemanyemployeesstruggledtoworkwithnewvirtual technology. Impact of COVID-19 to accelerate transformation of new business models and improve employee engagement within Shoppers Stop According toMGrossman and et. al., (2020),it is determined that COVID-19 has created many opportunities for the company to come up with new business models, agile ways of working and advance technology. Companies like Shoppers Stop had taken “no regret” actions for emerging from the global pandemic stronger. These leaders have faced the crisis with a great spirit of reinvention- accelerating digital transformation, forming variable cost structures and establishing agile operations. Companies have adopted virtual communication channels for communicating with employees so that information can be provided to them at right time. Organisations have given work from home to their maximum employees so that gatherings at offices can be reduced and the spread of COVID-19 can also be decreased. This has given the
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
emergence of new and advance technologies in the organisation so that human resource of the organisation can be connected with the company. Companies have focused towards becoming Intelligent Enterprise which clearly shows shift from top-down decision-making, empower teams guidedbymotive,drivenbyinformation,poweredbytechnologyetc.Thishascreated environment of dynamic self-management and constant adaptation. Benefits experienced by Shoppers Stop through digital transformation at workplace According toBereitschaft and Scheller (2020),digital transformation is referred as the method that has changed the way company operates. During global pandemic, companies have adopted different digital technologies so that they can continue their business operations. With the help of digital transformation, some of the benefits are: stronger resource management, data- driven customer insights, better customer experience, encourage digital culture, increased agility, increased profits, improved productivity etc. 3- RESEARCH QUESTIONS It is determined that developing research questions for a study is quite important because it helps in setting out what is that need to be answered. This assists in planning the research and also helps in foreseeing potential problems or challenges. It also helps in saving energy, efforts and time. In simpler words, it provides right direction so that purpose of the investigation can be accomplished. Basically, the questions of research assist in identifying the sources required for fulfilling the main objective of the research. When good research questions are developed then interest of readers is kept, make researcher focused on topic etc. When research questions are completed and addressed correctly then it is believed that whole study is relevant, reliable and accurate. Research Questions: What are the ways COVID-19 have affected employees and business operations within an organisation? What is the impact of COVID-19 to accelerate transformation of new business models and improve employee engagement within Shoppers Stop? What are the benefits experienced by Shoppers Stop through digital transformation at workplace?
4-IDENTIFYINGAPHILOSOPHICALPOSITIONAND METHODOLOGICAL ORIENTATION Research methodologies are significant because it provides appropriate methods for the collection and analysis of content in a systematic way. These methods guide and give direction to researcher about the sources that need to be considered for assembling information. Research Philosophy Research philosophy defines certain belief about the method in which information about a phenomenon must be accumulated, evaluated and considered. The philosophy is mainly categorisedintothreesignificantkindsthatare:epistemology,ontologyandaxiology. Epistemology is the philosophy that highlights the information which is actually true and has great relevance(Babii, 2020). So, epistemology philosophy will be considered by researcher as it gives two important kinds that are: positivism and interpretivism philosophy. Interpretivism philosophy will be used by investigator so that collected qualitative and secondary information can be evaluated and analysed in a systematic and proper way. The advantage of interpretivism methods is that it does not concentrate on statistical information which eventually assists in saving the time. Interpretivism philosophy is considered for answering the research questions because these questions are generally addressed with the assistance of secondary and theoretical data. This is a good choice to choose interpretivism philosophy because this accommodates in analysing published and second-hand data. For answering the research questions, different kinds of secondary sources will be used such as books, articles, journals, newspapers etc. Reason of chosen paradigm different from other paradigms Epistemology philosophy will be selected and used by researcher because it is quite significantforinfluencingthewayinvestigatorsframeinvestigationintheirattemptsof discovering knowledge. It clearly looks at the relationship between an object and a subject researcher explores the idea of epistemology and the way it influences the research design in a systematic way(Larshin and Lishchenko, 2018). In simpler words, it helps in evaluating researcher see and perceives by considering information gathered by different authors. On the other hand, ontology and axiology philosophies are not chosen because they do not focuses on establishing relationship between objects and subjects as well as it does not assist in collecting and analysing theoretical piece of information. The chosen philosophy has positive impact over
the study because this had accommodated in the collection of relevant and accurate theoretical data.
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
REFERENCES Books and Journals Babii,A.,2020.Importantaspectsoftheexperimentalresearchmethodology.Вісник Тернопільського національного технічного університету,97(1), pp.77-87. Bartsch, S and et. al., 2020. Leadership matters in crisis-induced digital transformation: how to lead service employees effectively during the COVID-19 pandemic.Journal of Service Management. Bereitschaft, B. and Scheller, D., 2020. How might the COVID-19 pandemic affect 21st century urban design, planning, and development?.Urban Science,4(4), p.56. Grossman, S .N and et. al., 2020. Rapid implementation of virtual neurology in response to the COVID-19 pandemic.Neurology,94(24), pp.1077-1087. Kylili, A and et. al., 2020. The role of Remote Working in smart cities: lessons learnt from COVID-19pandemic.EnergySources,PartA:Recovery,Utilization,and Environmental Effects, pp.1-16. Larshin,V.P.andLishchenko,N.V.,2018.Researchmethodologyforgrinding systems.Russian Engineering Research,38(9), pp.712-713.