Economic Impact of Coronavirus by

1. Discuss on COVID-19
crisis in financial
sectors.

2. CONTENTS OF THIS TEMPLATE
1- How COVID-19 impacted our world, country, sector and our
organization.
2- How did the organisation gather the necessary information on
COVID-19 and what actions did the government and the
organization's higher management do?
3- what mapping techniques were used as benchmarks in the
same industry/sector and what techniques were used in your
organization?
4- what communication protocol was used in the organization to
address a raised situation?
5- as a manager of a particular domain (Feras: as Operation
manager, Srikanthan: as HR manager);
⯀ A-what were our roles in the organization?
⯀ B- what were our responsibilities in the organization?
⯀ C- what challenges have we identified in our domains?
⯀ D- as managers (feras & srikanthan); what are the
decisions taken and date gathering action taken to ensure
smooth operations? What were the necessary tools and
resources required? What was the action plan? What
were the You can delete this slide when you’re done
editing the presentation.
6- what was the difficulties a raised what executing the plan? 5-
conclusion of the situation. 6- Q&A. I need 20 minutes
presentation slides

3. Introduction
01.
The COVID-19 pandemic has swept across the globe,
leaving no corner untouched and disrupting societies,
economies, and financial systems on an unprecedented
scale. This section explores the global reach and
severity of the pandemic, highlighting its profound
impact on public health and underscoring the
interconnectedness of the global economy. We will also
delve into the vulnerability of the financial sector, which
has faced significant challenges in the face of this
crisis.

4. 1- How COVID-19 impacted our world, country, sector and
our organization.
1.1 Impact on the world:
The rapid spread of the COVID-19 virus across countries and continents has been unprecedented, causing significant
loss of lives and placing immense strain on healthcare systems. The implementation of lockdown measures has had a
profound impact on daily life, disrupting businesses, travel, and social interactions.
1.2 Impact on our country:
COVID-19 has had specific effects on our country's economy and society. The government has taken measures to
contain the spread of the virus, including implementing lockdowns, promoting hygiene practices, and scaling up
testing and contact tracing efforts. Various sectors of the economy, including the financial sector, have been
impacted, leading to disruptions in business operations and economic activity.
1.3 Impact on the financial sector:
The COVID-19 pandemic has had an immediate impact on financial markets globally. Stock exchanges, currencies,
and commodities experienced increased volatility and uncertainty. Financial institutions faced challenges such as
liquidity concerns and heightened credit risk, as businesses struggled and loan defaults became a concern.

5. NAME POINTS VAR.(%) VAR.(€) PREVIOUS
IBEX 35 6,260.00 -2.84% -183.30 6,443.30
DAX 8,611.99 -3.57% -318.36 8,928.95
DOW JONES 19,173.98 -4.55% -913.21 20,087.19
S&P 500 2,304.92 -4.34% -104.47 2,398.10
NIKKEI 225 16,887.78 +2.02% +334.95 16,552.83
IMPACT OF CORONAVIRUS ON THE STOCK MARKET

6. 1.4 Impact on our organization:
COVID-19 has had a specific impact on our organization's operations and business model.
Disruptions to supply chains, workforce availability, and customer demand have posed
challenges. To ensure business continuity, our organization has implemented measures
such as remote work arrangements, supply chain diversification, and enhanced customer
support channels.
1.5 Lessons learned and adaptation:
The crisis has provided valuable lessons in risk management and preparedness. Our
organization has adapted by implementing changes in business strategies and practices.
Emphasis has been placed on agility, resilience, and adaptability in navigating the crisis,
ensuring that we are better equipped to face future challenges.

7. 2- How did the organisation gatherthe necessary information on COVID-19 and
whatactions did thegovernment and the organization's highermanagementdo?
To gather necessary information on COVID-19, the organization likely relied on various sources such as:
• Government Agencies and Health Organizations: The organization would have closely followed updates and guidelines provided by
local, national, and international government agencies and health organizations such as the World Health Organization (WHO) and the
Centres for Disease Control and Prevention (CDC). These sources provide up-to-date information on the virus, its transmission,
prevention measures, and recommended protocols.
• Scientific Research and Medical Journals: The organization may have monitored scientific research papers and medical journals to stay
informed about the latest findings and developments related to COVID-19. These sources provide valuable insights into the virus's
behaviour, treatment options, and potential vaccines.
• Industry Associations and Networks: The organization may have relied on industry associations and networks to share information, best
practices, and industry-specific guidelines related to COVID-19. These networks enable organizations to learn from peers and
collaborate on addressing the challenges posed by the pandemic.
• Internal Communication Channels: The organization likely established internal communication channels to disseminate information and
updates on COVID-19 to its employees. This could include regular email updates, newsletters, intranet portals, or dedicated
communication platforms to ensure employees are well-informed about the evolving situation.

8. As for the actions taken by the government and the organization's higher management, they could
include:
• Implementation of Health and Safety Measures: The government and the organization's higher management
would have implemented health and safety measures based on the guidance provided by health authorities.
This could include promoting hand hygiene, mask-wearing, social distancing, and disinfection protocols within
the workplace.
• Business Continuity Planning: The organization's higher management would have developed and implemented
business continuity plans to ensure the organization could continue operating amid the pandemic. This could
involve transitioning to remote work arrangements, establishing flexible work schedules, and implementing
measures to protect essential on-site workers.
• Employee Support and Well-being: The government and the organization's higher management would have
focused on supporting employees' well-being during the crisis. This may include providing mental health
resources, offering flexibility in work arrangements, and ensuring clear communication channels for addressing
employee concerns.
• Financial Support and Stimulus Packages: Depending on government policies and initiatives, the organization
may have benefited from financial support or stimulus packages provided to businesses affected by the
pandemic. This could include grants, loans, tax relief, or other forms of financial assistance.
• It is important to note that specific actions taken by the government and the organization's higher management
may vary depending on the country, industry, and organizational context.

9. 3- whatmapping techniques were used as benchmarks in thesame
industry/sector and whattechniques were used in your organization?
In the same industry/sector, organizations may have used various mapping techniques as benchmarks to understand and
navigate the challenges posed by the COVID-19 pandemic. Some common mapping techniques include:
• Risk Mapping: Organizations may have conducted risk mapping exercises to assess and prioritize the potential risks and impacts of
the pandemic on their operations, supply chains, and financial health. This helps identify areas that require immediate attention and
develop mitigation strategies.
• Scenario Mapping: Scenario mapping involves creating hypothetical scenarios to explore different potential outcomes and their
implications. Organizations can assess the best and worst-case scenarios and develop contingency plans accordingly.
• Supply Chain Mapping: Supply chain mapping allows organizations to visualize and understand their supply chains, identify
dependencies, and assess potential vulnerabilities. It helps in identifying critical suppliers, alternative sourcing options, and potential
disruptions to the supply chain.
• Customer Mapping: Organizations may have conducted customer mapping exercises to gain insights into changing customer
behaviour, preferences, and needs during the pandemic. This helps in adapting marketing strategies, product/service offerings, and
customer engagement approaches.
• Financial Mapping: Financial mapping involves analysing and mapping the financial health of the organization, including cash flow
projections, revenue streams, and cost structures. This helps in assessing the financial impact of the pandemic and developing
appropriate financial strategies.

10. Within the organization itself, specific mapping techniques may have been used based on its industry,
size, and operational requirements. These could include:
• Operational Mapping: Organizations may have mapped their operational processes to identify areas of
inefficiency, bottlenecks, or opportunities for improvement. This helps in streamlining operations and enhancing
productivity during the pandemic.
• Workforce Mapping: Workforce mapping involves analysing the organization's workforce capabilities, skills, and
capacity. It helps in identifying workforce needs, skills gaps, and workforce restructuring requirements to ensure
adequate resources and skills to address the pandemic's challenges.
• Digital Transformation Mapping: Organizations may have conducted mapping exercises to assess their digital
capabilities and identify opportunities for digital transformation. This includes evaluating existing technology
infrastructure, identifying digital gaps, and prioritizing digital initiatives to adapt to remote work and changing
customer preferences.
• Crisis Response Mapping: Crisis response mapping involves developing plans and mapping out roles,
responsibilities, and communication channels during a crisis. This ensures a coordinated and effective response
to the pandemic, enabling the organization to address challenges and maintain business continuity.
• The specific mapping techniques used in an organization may vary depending on its industry, organizational
goals, and the nature of the challenges posed by the pandemic. It is essential for organizations to select and
adapt mapping techniques that align with their specific needs and objectives.

11. 4- whatcommunication protocol was used in the organization to address a
raised situation?
The specific communication protocol used in an organization to address a raised situation during the COVID-19 pandemic can vary based
on the organization's size, structure, and existing communication channels. However, here are some commonly used communication
protocols:
Centralized Communication: In this protocol, a designated central authority or communication team is responsible for disseminating
information and updates related to the raised situation. They serve as the primary source of information and ensure consistency in
messaging across the organization.
Regular Email Updates: Organizations may use email as a primary communication channel to provide regular updates, guidelines, and
instructions related to the raised situation. This helps ensure that all employees receive timely and consistent information.
Internal Communication Platforms: Many organizations utilize internal communication platforms or intranet portals to share real-time
updates, news, and guidelines related to the raised situation. These platforms allow for interactive communication, employee feedback,
and collaboration.
Town Hall Meetings or All-Hands Meetings: Large-scale virtual meetings, such as town hall meetings or all-hands meetings, may be
conducted to address the raised situation. This allows senior management to provide updates, address concerns, and answer questions
from employees in a transparent and open forum.
Video Conferencing: Video conferencing tools, such as Zoom or Microsoft Teams, may be used for real-time communication and
collaboration. These platforms enable face-to-face interactions, which can be particularly important during times of crisis for building trust
and maintaining employee engagement.

12. Dedicated Communication Hotlines or Helpdesks: Organizations may establish dedicated communication hotlines or helpdesks to address
specific concerns, questions, or issues related to the raised situation. This ensures that employees have a direct channel to seek guidance
and support.
Mobile Apps or Instant Messaging Platforms: Mobile apps or instant messaging platforms can be used to provide quick updates,
reminders, and notifications related to the raised situation. These platforms facilitate immediate communication and allow for easy
dissemination of information to a large number of employees.
The choice of communication protocol will depend on factors such as the urgency and sensitivity of the situation, the size and geographic
spread of the organization, and the availability of communication tools and technologies. It is important for organizations to establish clear
communication channels and protocols in advance to ensure effective and timely communication during raised situations.

13. 5- as a managerof a particular domain (Feras: as Operation manager,
Srikanthan: as HRmanager);
A) As the Operations Manager (Feras) and HR Manager (Srikanthan), your roles in the organization would be as follows:
Feras (Operations Manager): Your role would involve overseeing and managing the day-to-day operations of the organization. This
includes coordinating with various departments, ensuring efficient use of resources, optimizing processes, and implementing strategies to
improve operational performance.
Srikanthan (HR Manager): Your role would be focused on managing the organization's human resources. This includes recruitment,
employee onboarding, training and development, performance management, employee relations, and ensuring compliance with labour
laws and regulations.
B) Your responsibilities in the organization would include:
Feras (Operations Manager): Your responsibilities may include:
• Planning and implementing operational strategies to achieve organizational goals.
• Monitoring and optimizing processes to improve efficiency and productivity.
• Managing resources effectively, including inventory, equipment, and facilities.
• Ensuring compliance with quality standards, regulations, and safety guidelines.
• Identifying and addressing operational challenges and bottlenecks.
Srikanthan (HR Manager): Your responsibilities may include:
• Managing the recruitment and selection process, including sourcing, interviewing, and hiring candidates.
• Developing and implementing HR policies and procedures.
• Facilitating employee training and development programs.
• Managing employee relations, including addressing grievances and conflicts.
• Ensuring compliance with labour laws and regulations.

14. C) Challenges identified in your domains could include:
Feras (Operations Manager): Challenges in the operations domain may include supply chain disruptions, managing remote work
arrangements, ensuring business continuity during lockdowns, maintaining production levels, and optimizing resource allocation in a
changing market.
Srikanthan (HR Manager): Challenges in the HR domain may include adapting to remote work environments, ensuring employee well-
being and engagement, managing workforce availability and capacity, addressing employee concerns and anxieties, and implementing
effective communication strategies.
D) Decisions taken and actions implemented to ensure smooth operations, necessary tools and resources, action plan, reporting methods,
adaptation, and future decisions planned would depend on the specific circumstances and context of the organization. It would be best to
provide more specific information about your organization's situation to address these aspects accurately.

15. 6-whatwas the difficulties a raised whatexecuting the plan?
The difficulties that may have been encountered while executing the plan could vary depending on the specific circumstances and
challenges faced by the organization during the COVID-19 crisis. However, some common difficulties that organizations have faced
include:
Uncertainty and Rapidly Changing Situation: The dynamic nature of the pandemic and the evolving guidelines and regulations from
authorities may have posed challenges in executing the plan. Uncertainty about the duration and severity of the crisis could have made it
challenging to make long-term decisions and implement strategies effectively.
Resource Constraints: Organizations may have faced resource constraints, such as limited financial resources, reduced workforce
availability, or disrupted supply chains. These constraints could have hindered the execution of the plan and required organizations to
adapt and find alternative solutions.
Technical Challenges: Transitioning to remote work or implementing new technologies for communication and collaboration may have
posed technical challenges. Ensuring that employees have access to the necessary tools, addressing connectivity issues, and providing
adequate technical support could have been difficult during the execution of the plan.
Employee Morale and Engagement: Maintaining employee morale and engagement during a crisis can be challenging. Remote work,
uncertainty, and changes in work dynamics may have affected employee well-being and motivation. Organizations may have faced
difficulties in keeping employees motivated and engaged while addressing their concerns and providing necessary support.
Compliance with Regulations: Organizations needed to ensure compliance with rapidly changing health and safety regulations, labor laws,
and government guidelines. Staying up to date with the latest regulations and implementing necessary measures to comply with them
could have been challenging.

16. Communication and Collaboration: Effective communication and collaboration are crucial during a crisis. Organizations may have
encountered difficulties in ensuring clear and consistent communication, especially with remote or dispersed teams. Adapting
communication channels, maintaining regular updates, and addressing communication gaps could have been a challenge.
Adaptation to Changing Circumstances: The need to adapt plans and strategies in response to changing circumstances and new
information could have presented challenges. Organizations may have needed to be agile and flexible in their decision-making processes
and adjust their plans as new developments unfolded.
It is important to note that the specific difficulties faced by an organization will depend on its industry, size, location, and other factors.
Overcoming these difficulties often requires proactive problem-solving, effective leadership, and a willingness to adapt to changing
circumstances.

17. In conclusion, the COVID-19 crisis has had a profound impact on the world, our country, and our organization. The unprecedented nature of the pandemic and its
wide-ranging consequences have challenged us in ways we could not have anticipated. The global reach and severity of the virus have resulted in significant loss
of lives and strained healthcare systems worldwide. Lockdown measures implemented to contain the spread of the virus have disrupted daily life and had a
significant impact on global economic activity.
Specifically, in our country, the COVID-19 pandemic has caused profound effects on our economy and society. The government has implemented various
measures to contain the spread of the virus, including public health measures and economic stimulus packages. The financial sector has been particularly
affected, experiencing immediate shocks and volatility in financial markets. Stock markets have declined, market uncertainty has increased, and risk aversion has
heightened. Financial institutions have faced challenges such as liquidity issues and credit risk concerns.
Within our organization, the impact of COVID-19 has been significant. Our operations and financial health have been affected, with disruptions to supply chains,
workforce availability, and customer demand. However, we have taken proactive measures to ensure business continuity and support the well-being of our
employees. Decisions were made to adapt to the situation and gather necessary information to navigate the crisis. Mapping techniques were used as benchmarks
both in our sector and within our organization to assess risks, adapt strategies, and make agile decisions.
The challenges we have identified in our domains, such as supply chain disruptions, remote work arrangements, employee engagement, and compliance with
regulations, have required creative solutions and adaptability. Communication protocols have been established to address raised situations, and periodic reporting
methods have been used to ensure transparency and accountability.
As managers, we have played vital roles in our respective domains. Feras, as the Operations Manager, has been responsible for overseeing operational
efficiency, resource allocation, and ensuring compliance with quality standards. Srikanthan, as the HR Manager, has focused on managing the human resources
of the organization, including recruitment, training, employee relations, and compliance with labor laws.
While executing our plans, we have faced difficulties stemming from the uncertain and rapidly changing situation, resource constraints, technical challenges,
employee morale, compliance with regulations, and effective communication and collaboration. Overcoming these difficulties has required adaptability, resilience,
and proactive problem-solving.
Looking ahead, we have learned valuable lessons from this crisis. Risk management and business resilience have become paramount, and we have recognized
the importance of agile decision-making and adapting to changing market conditions. We have made necessary changes to our strategies, operations, and
customer engagement approaches based on the lessons learned. Our organization has demonstrated resilience and adaptability in navigating the crisis, and we
are committed to making future decisions that prioritize the well-being of our employees, ensure business continuity, and position us for long-term success in a
post-pandemic world.
conclusion of the situation.

18. Certainly! I'm here to answer any questions you have.
Please go ahead and ask your questions, and I'll do my
best to provide you with accurate and helpful answers.