Coronavirus Effect on Businesses
The corona virus pandemic has drastically transformed our business environment in numerous ways. You are to perform an analysis of one of the industries outlined below:1) Restaurant Industry2) Airline Industry3) Ag/Livestock production/Crop production industry – you can focus on a specific component here4) Commercial/Residential Lending IndustryPlease answer the questions below. Limit your submission to no more than 1,000 words including any tables or figures. Please cite any relevant literature (this does not count towards word limit). Submit your paper single-spaced with one inch margins following APA guidelines.1. Which of the seven PESTEL factors have been most greatly impacted by the coronavirus pandemic? Please discuss at least two and specifically identify how and why they influence your selected industry.2. Perform a five forces analysis of your industry and explain how each of the five forces have changed in response to the Coronavirus pandemic, either directly or indirectly.3. Evaluate the profitability potential of this industry and identify two essential strategic groups that may develop.4. Assume that you are a manager of a company that belongs to your selected industry. What are the largest threats and opportunities that are present in this industry? How might a firm respond to these threats and opportunities in order to enhance their competitiveness?
