Download and customize hundreds of business templates for free
The pandemic has significantly redefined the business environment and the dominance of Big Tech in several ways. Firstly, it has accelerated the shift towards digitalization, with businesses increasingly relying on technology to operate remotely. This has led to a surge in demand for Big Tech's products and services. Secondly, the pandemic has exposed the vulnerability of businesses with weak balance sheets, leading to their downfall. This has allowed Big Tech companies, with their strong financial positions, to further consolidate their market dominance by acquiring the best assets and customers of these failing businesses. Lastly, the pandemic has accelerated trends towards online shopping, remote work, and digital entertainment, all areas where Big Tech has significant presence.
Question was asked on:
After a brief plunge, markets continued to climb even as the death toll hit 100,000. This "recovery" is due to the outsized gains of Big Tech and a few other giants. By July 31, the S&P 500 had recovered to January 1 levels, but mid-caps in the S&P 400 were down 10%. Small-caps in the S&P 600 were down 15%. Firms with weak balance sheets were being slaughtered, including prominent names such as Neiman Marcus, JCPenny, Gold's Gym and California Pizza Kitchen. When weaker competitors shut down, the firms like Johnson & Johnson, which has $20 billion in the bank, will choose the best assets and customers. The most significant damage from an economic standpoint will come from medium and large companies with weak balance sheets and many employees.
Asked on the following book summary:
What will the world of business look like after the coronavirus pandemic? The pandemic will accelerate every trend by a decade and redefine entire ind...
Download and customize hundreds of business templates for free
In face of uncertainty and disruption, use our COVID-19 Crisis Management deck to undertake the current challenges of your business, develop recovery strategies, and create a better safety net for the foreseeable future.
Your company needs a concise plan for reopening after covid, and you need to communicate it effectively to your entire team. Use our Office Reopening Guide to communicate your priorities, strategy, timeline, screening, and testing protocols. Set your employee’s anxiety at ease by sharing what supplies and additional resources will be provided.
How to respond to the current economic shifts of tariffs and geopolitical changes? Use this Macro Environment Analysis deck to examine the frameworks that help organizations remain cognizant of external factors, be prepared for challenges, and harness emerging opportunities.
Ensure that your business continues to thrive under unfavorable conditions with our Business Continuity deck. This presentation includes practical frameworks to help you perform better impact assessment, risk management, prevention and recovery strategies, and many more.