Problem
My focus will be on advising businesses on ways to achieve and sustain sustainability in today’s unpredictable and turbulent climate. The ability to understand strategic management concepts will improve the business’s ability to manage their businesses despite fluctuations in markets (Dees 2019, 2019). This study will focus on helping individuals to cope with economic volatility. Millions of people are currently unemployed because they cannot find lasting work. Covid-19 has increased as the cost of living has gone up, which has led to a rise in inflation, which exposes most people to poverty.
Problem relevance
Due to rising manufacturing costs and the outbreak, many family members lost their business. The price of gasoline has increased exponentially and Covid-19 is a popular product have impacted the profitability of many businesses. Many family members have decided to close their businesses and retail stores in the face of market fluctuations. Inflation has also reduced disposable incomes and purchasing power for most people. Because of the rising cost of basic goods, my income is now less than it was before 19 To maintain financial independence, I need to be strict about my spending and keep track of every transaction.
Ask a question
Is it possible to make small-scale businesses more viable in a volatile and uncertain environment? That is the question I’d like to address.
Who will be rewarded for their efforts?
The blog article will be of benefit to entrepreneurs and business owners as it will provide guidance about how to manage their businesses in this difficult period.
Which steps can you take in order to increase your growth?
My business and strategic management expertise will be used to help entrepreneurs and owners of companies on sustainable company operations. My theoretical skills would also be used to assist them in adopting sustainable solutions (Willcocks 2018).
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