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COVID-19 REVEALING THE FUTURE: HOW PREPARED ARE WE? – PART III

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The COVID-19 pandemic is asking us all to think and do things differently. Lets take a look at some examples of businesses that modified their businesses before the pandemic and how their pro-activeness must have paid off during this pandemic. a.       Banks created alternative means of doing business hence majority of their customers are not complaining but those yet to adopt it have issues. b.       Schools are closed down but many students are learning virtually from home using Google classroom tools. c.        In the last couple of years people have gone shopping online with the likes of Jumia, Ali Baba, Konga. d.       Amazon, EBay and the likes save on renting office spaces and avoiding paying tax in most countries where they operate. e.       Opay Bikes in users in Lagos tell you how easy to utilize them. f.         There are mobile applications available to you to enable you access lots of information, and People order all they need from the market from the

COVID-19 REVEALING THE FUTURE: HOW PREPARED ARE WE? – PART II

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  COVID-19 resulted in some dramatic cost saving changes. One of the most obvious is the way conferences were organized and will likely be organized going forward. Though a number of international many conferences were cancelled and events were called off before of COVID-19, many others held. In addition, the number of seminars, training, meetings, teachings that now goes on online is unprecedented. This will removed some stress from planning and organizing meetings and conferences The large migration to online services has implications for subscription for data services: participants will opt for data networks that can best support their need in terms of speed, availability and cost. The Zoom, a Chinese company founded in 2011, allows its users to host a group meeting with a maximum of 100 participants for 40 minutes free. Now with $15 per month, you can host a meeting with 400 participants. During the current covid19 epidemic, the company grew its active users from less

COVID-19 REVEALING THE FUTURE: HOW PREPARED ARE WE? – PART 1

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The global effect of the COVID-19 pandemic has resulted in lots of innovations with positive and negative consequences. The positive consequence is the new ideas and business opportunities created. The negative impact is that many businesses may not recover from the downturn from this pandemic. The response to the COVID-19 pandemic has resulted in major global changes even if to some, it seems the world is at a standstill. For one, there is improved clarity about what is an essential and non-essential service. This should actually lead to many people thinking about the essentiality of their services, and the implications for continuing in business. If we flash back, we will remember how we used to patronize photographers’ studios Smart phones robbed these studios of patronage though creating new opportunities for others to explore. This explains how a single policy change, can impact the lives of many.  Policies will change post the covid-19 pandemic. Forward thinking ind