Question

1. Movement restrictions imposed by various governments to mitigate the spreadofCOVID-19 pandemic in the form of social distancing and closure of national and international borders and airports has brought a number of business organizations to a standstill, leading to the decline in growth and market share,especially the hard hit tourism and hospitality industries. Assume that you are the manager of IDISAM Hotel LTD, which holds the largest market share in the hospitality industry, but now on the verge of collapsing due to COVID-19 pandemic.Required: Supporting your answers with specific examples and justifications, propose corporate or grand strategies that the company can use to deal with the situation at hand.

2. The corporate failures and scandals over the last two to three decades worldwide including Ghana have highlighted the need for guidance to tackle the various risks and problems that can arise in the systems of governance in many organizations. As a result, the implementation of good corporate governance at every firm has been a necessity. This paper investigates the influence of quality corporate governance practices on firm performance in Ghana. A sample size of 22 firms listed on the Ghana stock exchange and their 5-year data set within 2010 to 2014 were collected for the study. Regression analysis was conducted to determine the association between corporate governance mechanisms (board composition, board gender diversity, audit committee effectiveness, board size and CEO-duality) and firm performance (return on asset and return on equity). The result of the study indicates that at the 5% level of significance; board composition, board gender diversity and audit committee presence have insignificant negative relationship with the performance of firms listed on the Ghana stock exchange. Meanwhile board size and CEO-duality was found to relate negatively significant with firm performance. The result again showed that as leverage relate negatively significant with firm performance, firm size relate positively significant with the performance of firms listed on the Ghana stock exchange. This study therefore makes an important contribution to the global discourse on corporate governance mechanisms prediction on firm performance in an increasingly globalized world. The study was organized into five chapters. Chapter one consists of the introduction to the study; the background to the study, problem statement, purpose of the study, objectives of the study, research hypothesis, significance of the study, limitations of the study, scope of the study,
definition of terms and organization of the study. Chapter two, deals with the review of existing literature that is related to the concepts of the research topic under consideration (corporate governance and firm‟s performance). This chapter also presents the theoretical and conceptual frameworks of the study. Chapter three explores the methodology used for the study. It covers issues such as data sets for the study, time horizons for the study, sampling design for the study, the variables for the study, statistical techniques, and data analyses. The chapter concludes with a summary of the chapter. Chapter four comprises the compilation, analysis and discussion of data collected from the annual reports. It covers the descriptive statistics, bivariate correlation, and finally, presents the results of the regression model. Chapter five deliberates on summary of findings, conclusion recommendations, and limitations of the study.
Required: With specific examples from the information above, critique the abstract highlighting on the major elements of an abstract.

3. Coronavirus pandemic has affected businesses and all aspects of our lives globally. As a recent occurrence, it has created the opportunity to study a “once-in-life-time” moment of how companies function during an unprecedented COVID-19 pandemic period. Assume that your supervisor has approved for you to work on the on the topic “the mitigating strategies and policies used by high hit business organisation during COVID-19” for your Long Essay/Project Work. A quick glance through the literature demonstrates that, this topic has received little or perhaps no attention in academic literature. As a student of Research Methods, examine clearly the appropriate methodology to use for the topic during this pandemic stating clearly the design or approach, sampling technique, instrument for data collection and analysis giving appropriate justifications for your choices.

Answer 1

Hi, there are three different questions, therefore, I am giving the correct answer for the first question:

Answer:

Question # 1. The corporate-level strategy or Grand strategy needs to be executed in the three phases.

Phase 1. when there is a ban on the travel and very few customers are availing the facility

At this stage, the strategy should be created the social relations through getting in touch with the customers through digital engagements. Second Hotels need to look for local opportunities like paid quarantine facility or restricted stay strategy to keep the revenue cycle running.

Use this time to strengthen the process and training to staff and make them ready for future challenges.

Phase 2. When gradually the travels are allowed with certain restrictions:

Use the extensive marketing options to create interest in the customers to go for travel and stay after this long break. Create structured offers and call your loyal customers to revisit with extended benefits. The awareness about readiness and safety and hygienic practices need to be made available to customers to boost their confidence. Implement customer-friendly booking and cancellation policy.

Phase 3. When the travel is increasing and business outlook is much stronger:

Further, increase your marketing effort and make customer loyalty a priority. Create suitable packages and offer need to be communicated to right segment of the market.