ransparency involves accurately representing facts, telling a truth in its entirety and communicating clearly and

openly about everything a company does and says. It is the foundation of a strong relationship with customers,
which directly impacts the success and stability of a company.

As I have watched the video about The Impact of Covid 19 On Businesses by Bernard
Marr it tackles the six biggest impacts and trends that have come and out of the
coronavirus disease crisis that will be very important for the business going forward
these include: Work from Home 2.0, Business Model Motivation, Virtual Interfaces,
Automation, Going from Global to Local, And Social Engagement.
The extensive closure of stores and companies worldwide because of the coronavirus
pandemic is unprecedented. Policy restrictions, adverse supply movements, health
concerns, and other causes have ordered the closure of stores, factories, and many
other enterprises. Many of these closures may be permanent because of owners'
inability to pay continuing expenditures and survive the shutdown. The impacts for
small businesses around the world appear likely to be severe. As customers,
employees, residents, and individuals, the worldwide COVID-19 pandemic has
irrevocably altered our experiences, and our attitudes and actions are changing as a
result. The crisis is profoundly changing how and what people buy, as well as
hastening massive structural changes in the consumer products sector. With these
emerging new behaviors, companies have a chance to accelerate the shift to digital
commerce by expanding existing products and developing new lines of service, such
as merchants banding together to provide “contactless” delivery and curbside pick-up
services for customers. This acceleration will require businesses to rethink their
digital strategy to seize new market possibilities and digital consumer groups.
Businesses, governments, individuals, and non-profit organizations all play
important roles in developing a human-centered, systems-minded strategy that
fosters shared workforce resilience. It is difficult to achieve development and
performance on a constant and confident basis. Leaders must contend with rapid
changes in technology, consumer expectations, and society itself when developing
firms that are suited for the future. The burden is on them to restructure their
organizations and develop their strategy to provide better, longer-term results for all
their stakeholders.
Today, this current outbreak made us transform huge obstacles into significant
change through the ability of inventiveness may rise to the people because of the
pandemic crisis. Some creative individuals may introduce numerous effective and
productive main and secondary items, efficient methods and means of production,
low-cost products, technical breakthroughs, and so on. These movements, too, have
the potential to improve the supply chain network at the national and regional levels.