MGMT5507: Management & Organisations - The Impacts of COVID-19 on Australian Businesses - Management Assignment Help

Assignment Task:

Task:

The impacts of COVID-19 on Australian businesses

The “Impact of COVID-19 on Businesses Report”, published by the Australian Department of Education, Skills and Employment (2020), argues that:

“The COVID-19 crisis is affecting the majority of businesses, with the demand for their goods and services and cash flow considerably reduced. Consequently, many businesses reported they have reduced staff hours or let staff go. Some 58 per cent of businesses reported that COVID-19 had
affected their business ‘a great deal’ with another 22 per cent reporting it affected their business ‘somewhat’.

1. Choose one industry only for an in-depth analysis. Students might choose a particular company instead, such as for example Australian Post.
2. Provide a critical analysis of how this business or industry has been affected by COVID-19 – based on industry reports, newspaper articles and scholarly literature.
3. Identify and explain at least one management principle or practice (covered in this unit) which is relevant to the topic and the analysis.
4. Outline recommendations for how to manage the identified challenges.

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