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Title: WHAT'S THE STORY OF BUSINESS TOMORROW 2021-22? : IN TERMS OF GROWTH AND DEVELOPMENT, CHANGING BUSINESS ENVIRONMENT AND STRATEGIES, MANAGING SUSTAINABILITY, FOR A BETTER FUTURE
Authors: Aadit Gupta
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Aadit Gupta Delhi Public School, Mathura Road, New Delhi, India
MLA 8 Gupta, Aadit. "WHAT'S THE STORY OF BUSINESS TOMORROW 2021-22? : IN TERMS OF GROWTH AND DEVELOPMENT, CHANGING BUSINESS ENVIRONMENT AND STRATEGIES, MANAGING SUSTAINABILITY, FOR A BETTER FUTURE." Int. j. of Social Science and Economic Research, vol. 7, no. 7, July 2022, pp. 2299-2342, doi.org/10.46609/IJSSER.2022.v07i07.037. Accessed July 2022. APA 6 Gupta, A. (2022, July). WHAT'S THE STORY OF BUSINESS TOMORROW 2021-22? : IN TERMS OF GROWTH AND DEVELOPMENT, CHANGING BUSINESS ENVIRONMENT AND STRATEGIES, MANAGING SUSTAINABILITY, FOR A BETTER FUTURE. Int. j. of Social Science and Economic Research, 7(7), 2299-2342. Retrieved from https://doi.org/10.46609/IJSSER.2022.v07i07.037 Chicago Gupta, Aadit. "WHAT'S THE STORY OF BUSINESS TOMORROW 2021-22? : IN TERMS OF GROWTH AND DEVELOPMENT, CHANGING BUSINESS ENVIRONMENT AND STRATEGIES, MANAGING SUSTAINABILITY, FOR A BETTER FUTURE." Int. j. of Social Science and Economic Research 7, no. 7 (July 2022), 2299-2342. Accessed July, 2022. https://doi.org/10.46609/IJSSER.2022.v07i07.037.
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ABSTRACT: The ongoing pandemic has triggered a world crisis like no other - a health crisis and the greatest global slump since the second world war, which has resulted in a massive toll on humans. While the absolute aftermath is still unpredictable, and an even worse situation is possible if the world seizes to bring the health crisis under control. The pandemic has resulted in output contractions across emerging markets and developing economies as well as among developed nations and is liable to exercise persisting devastation consequences on essential determinants of long-term development prospects, further deteriorating living standards. This report analyzes how winning the battle against coronavirus lies across five stages - Resolve, Resilience, Return, Reimagination and Reform. It further discusses the economic consequences of the pandemic in eight countries - China, France, Germany, India, Japan, Spain, the United Kingdom, and the United States, which constitute 50% of the world's population and 62% of GDP. This white paper also explains McKinsey & Company's formula, a unique way to study the impacts of the knock-on consequences of the pandemic by the physical proximity needed in terms of interpersonal interchanges required, in greater than 800 occupations by sorting them into 10 work areas. This case study also demonstrates the growth in e-commerce trade, the necessity of building new workforce skills and the transition to new employment opportunities to endure the pandemic consequences, filling in technical gaps and dependence on digital technology to survive in the new normal. On the corporate side, it talks about the changes in companies’ action plans since the pandemic, key practices which firms adopt for skill transitions and their success rate, the skill-building formats and techniques and the supplement time company boards have spent to attempt surfing this pandemic and developing tech leadership. Last but not least, it depicts value from sustainability, elevating sustainability as a true strategic priority and evaluating sustainable business chains.

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