Analyzing Business Life Cycle Stages How Change
Author | : Johnny Ch Lok |
Publisher | : |
Total Pages | : 90 |
Release | : 2020-09-05 |
Genre | : |
ISBN | : |
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Economic recession or boom how influences consumer behavior when the business had been experiencing decline life cycle stage⦁COVID -19 disease how influence businesses may experience either growing life cycle stage or decline life cycle stage.Nowadays, we are facing global economic recession period, since COVID 19 human mouth disease effect can bring economic crisis. Can it influence businesses feel difficult to adapt how global economic recession change after their decline life cycle stage? However, the effects of COVID 19 spreading will have wider implication, not just on how economies function, but also on how consumers behave, across china, Asia-pacific and around the world. Another effect of China;s economic rise is its influence in the adoption and adaption to new technological invention to manufacture, e.g. manufacturing robotic products had sold to China factories to replace workers to manufacturer products. It also will influence many China manufacturing workers lose jobs, when many China factories apply manufacture robotics to replace them in nowadays economic recession period.Considering the adoption of online-offline shopping and home online office tasks, they are influenced by COVID-19 human disease influence, it also influences on regional travel in China, even global travel income is also reducing, because many travelers feel afraid to catch air planes to avoid to get COVID 19 human disease when they are sitting in close window airplanes by air . HOwever, COVID 19 also influences global consumer behavior changes to online shopping, because many people are afraid to enter crowd shops to avoid get COVID 19 human disease easily. So global shops will lose many visiting shop consumers, if they do not decide to attempt to open online stores to let customers to apply internet to buy their products. So, COVID 19 human mouth disease induced changes in consumer behavior. Shop online will be one new trend to influence young and old consumers make shopping from online stores. They will enquire whether the kind of product is worth to choose to buy by social media, e.g. facebook, online post . Hence, COVID19 human mouth disease may influence global economic recession, but it also brings e-commerce boom chance, when many consumers are fear to enter any crowd shops, when they need to stay long time in any shops. Then, they get COVID 19 human mouth disease chance will increase. Hence, it will influence many customers reduce to visit shops times, but it also creates online-shopping new business model . For example, China families are renewing their joy in home cooking. Onlins cooking videos are helping with the discovery od new recipes, new ways to create dishes, and new influences. So, opportunities are opening for more cleaning products, new ways to clean and new home hacks from online videos will bring global home consumers spend more time on their wellness or beauty routines ? So, COVID-19 disease also influences many families choose to cook dinner at homes at nght. Restaurants will lose many eating clients, because they are fear to enter restaurants to eat together to avoid to get COVID19 human mouth disease. But, it also creates home cooking products sale chance, e.g. rice cookers, dishes or any cooking tools because many families choose to cool at home. Hence, in some situation, economic recession will create new business chance, such as online store or rice cooker sale increases, they may be influenced in this COVID 19 human mouth disease occurrence environment.