46.9k views
3 votes
While many organizations lost millions during COVID and volumes have started returning in certain departments, what are they now being forced to think about?

A. Expanding operations globally
B. Reducing workforce
C. Financial recovery strategies
D. Diversifying into unrelated industries

1 Answer

5 votes

Final answer:

Organizations affected by the COVID-19 pandemic must focus on financial recovery strategies, which involve reshaping business models and adapting to the new economic realities.

Step-by-step explanation:

Organizations that have been impacted financially by the COVID-19 pandemic are now being forced to consider various strategies for recovery and adaptation. The correct answer to the student's question would be C. Financial recovery strategies. These strategies may include reshaping business models, revisiting supply chains, and possibly leveraging technology to foster resilience. Additionally, organizations must also focus on health interventions and adaptations to the new economic reality, such as a potential uptick in remote work, changes in consumer behavior, and recalibration of labor force skills.

User Bapho
by
7.7k points