Last Updated on September 28, 2020 by admin
This is perhaps the best time to build online capabilities (including networking) for all categories of businesses. Even If your business is 100 percent brick and mortar based, why not contemplate ways to give it a digital touch and make the same more adaptable.
When it comes to governance, the infrastructure built under Digital India drive be put into action.
With a large, relatively weaker section already brought under banking net, pass the money immediately into bank accounts of migrant workers, daily wage earners, so that they are in a position to take care of their daily needs while isolated.
This will prevent desparate mobility to distant home towns because of being stranded in cities and towns (workplace) and without cash in hand.
Coming to the ways of doing business, businesses can be divided into three categories:
(a) Businesses like hotels, manufacturing units that are sustainable only because of their physical presence.
(b) Businesses like IT services or financial trading that can be mostly done online.
(c) A mixture of the above two, which is the case even with first two above. For instance even though hotel business needs tourists to visit hotels physically, yet admin jobs like handling customer billing can be done online remotely.
What I mean to stress is that this crisis is the time when individuals, business houses should take a look how much of their work can be done online by remote working and devise ways to excel on it.
What happens if after 21-day lockdown, the situation shows still possibility of Corona on human movement, which appears more be the case.
The tradeoff then will be Corona versus hunger as production stopped further for a month or so will lead to that direction.
During the 15 days more of the lockdown, let a manufacturing firm after taking govt. approval take initiative of operating a firm in full capacity while following all the precautions that can lead to Corona.
There should be a preparation on how to continue production in light of risk of Corona not abetting after lockdown. The training might entail certifying workforce/factory units that can operate in the midst of Corona threat following safety guidelines. Such preparations/training should be initiated online as soon as possible.
Our economy is interdependent. If manufacturing, tourism, and other sectors do badly, a large chunk of remote jobs too will be negatively impacted. For instance, there are so many travel websites giving employment to web developers, content writers, back office agents. Their jobs can be done remotely, but the job will be only there subject to tourists visiting the tourist spots in the first place.