Seminar on Effect of Covid-19 on Organizational Growth and Profitability
CHAPTER ONE
Objective of the study
The objectives of the study are;
- To examine the impact of COVID-19 Pandemic on organizational growth Profitability in Nigeria.
- To examine the impact of COVID-19 Pandemic on organizational Profitability in Nigeria.
CHAPTER TWO
REVIEW OF RELATED LITERATURE
Insight about Coronavirus COVID-19
Coronavirus disease (COVID-19) is an infectious disease caused by a newly discovered coronavirus.
Most people infected with the COVID-19 virus will experience mild to moderate respiratory illness and recover without requiring special treatment. Older people, and those with underlying medical problems like cardiovascular disease, diabetes, chronic respiratory disease, and cancer are more likely to develop serious illness.
The best way to prevent and slow down transmission is be well informed about the COVID-19 virus, the disease it causes and how it spreads. Protect yourself and others from infection by washing your hands or using an alcohol based rub frequently and not touching your face.
The COVID-19 virus spreads primarily through droplets of saliva or discharge from the nose when an infected person coughs or sneezes, so it’s important that you also practice respiratory etiquette (for example, by coughing into a flexed elbow).
At this time, there are no specific vaccines or treatments for COVID-19. However, there are many ongoing clinical trials evaluating potential treatments. WHO will continue to provide updated information as soon as clinical findings become available
Coronavirus (COVID-19) is an infectious disease caused by a newly discovered coronavirus. World Health Organisation has declared coronavirus as a global pandemic without cure or vaccine. Most people infected with the COVID-19 virus will experience mild to moderate respiratory illness and recover sometimes without requiring special treatment. Older people and those with underlying medical problems like cardiovascular disease, diabetes, chronic respiratory disease, and cancer are more likely to develop serious illness (Ukata&Onuekwa, 2020). The best way to prevent and slow down transmission is to be well informed about the COVID19 virus, it causes and how it spreads.
CHAPTER THREE
Method of Data Analysis
The data analysis method will deal with how the necessary data collected, through primary source will be properly processed and presented for meaningful analysis. The method that will be adopted to analyze data collected will be less of manual and more of computer aided method. The computer aided package known as statistical package for social sciences (SPSS) will be employed to analyze data in the form of frequency tables in knowing the effect of covid-19 on Organisational growth and profitability.
Chi-Square: this statistical test is used to determine whether there is any significant difference between the observed and expected theoretical frequency obtained from a distribution. It is also used to test the dependence of the attributes such as effect of covid-19 on Organizational growth and profitability.
CHAPTER FOUR
DATA PRESENTATION, ANALYSIS AND DISCUSSION
This chapter is about the analysis and presentation of data collected from the field through questionnaire. The analysis of the data with particular question immediately followed by the presentation of findings.
As mentioned in chapter three, 50 questionnaires were administered and 50 were retrieved and necessary analysis was carried out on them.
Data Presentation
This is the presentation of the quantitative data collected from the respondents through the questionnaire drawn-tabulation and percent (%) age will be used to analyze the data accordingly.
CHAPTER FIVE
SUMMARY, CONCLUSION AND RECOMMENDATION
Introduction
It is important to ascertain that the objective of this study was to ascertain effect of covid-19 on Organisational growth and profitability.. In the preceding chapter, the relevant data collected for this study were presented, critically analyzed and appropriate interpretation given. In this chapter, certain recommendations made which in the opinion of the researcher will be of benefits in addressing the challenges of effect of covid-19 on Organisational growth and profitability.
Summary
This study was on Effect of covid-19 on Organisational growth and profitability. Two objectives were raised which included: To examine the impact of COVID-19 Pandemic on organizational growth Profitability in Nigeria and to examine the impact of COVID-19 Pandemic on organizational Profitability in Nigeria. The total population for the study is 75 staffs from hospitality firm and pharmacy. The researcher used questionnaires as the instrument for the data collection. Descriptive Survey research design was adopted for this study. The data collected were presented in tables and analyzed using simple percentages and frequencies
Conclusion
This study has very important managerial implications. Indeed, many corporate leaders are confused about how to appropriately manage the current crisis and what practices should be adopted. The lack of in-depth research on the subject and the highly fragmented nature of information sources on COVID-19 management in organizations mean that decision-makers have little access to useful information that could inform their reflections on the most relevant responses to adopt. Taken individually, the articles used in this study are obviously of little significance. However, the analysis describing examples of good practices, approaches to be favored, or behaviors to be avoided allows a global vision of the possible solution avenues in different organizations. While some practices are very contingent and difficult to generalize, others may certainly be more inspiring for corporate leaders who are interested in learning from the measures implemented by other organizations. In addition, the uncertainties about the pandemic’s implications and the possible occurrence of new waves of contamination should prompt leaders to plan measures that could be adopted in the event of future outbreaks. In this context, this study offers a wide range of measures that, while they may seem of little or no relevance to a company today, could become very relevant in the future
Recommendation
The impact of this widening gap is significant. If the best were 40% more productive than the rest before the pandemic (as our research suggested back in 2017), then they may be greater than 50% more productive now. This boost should enable these organizations to out-team, out-innovate, outgrow, and outperform their competitors for many years.
Knowledge/originality
This finding indicates the significance of caring for the employees’ mental health, especially during crises. The study also contributed to the current knowledge by showing that working under pressure and higher perceived risks can increase organizational productivity, which could lead to higher compliance, but the deteriorating effect of anxiety on compliance is much higher. The study also showed that education has a crucial role in increasing organizational compliance, and investing in employee education can benefit organizations by increasing employee compliance.
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