Research question
Introduction
Coronavirus outbreak has affected businesses and economic condition of various countries such as the UK, China, Italy and Russia. Epidemics are considered, and the business risk has amplified the trends and vulnerabilities in the market (WHO 2020). Pandemics national risk management and effects of infectious disease has led to considerable concern. The research proposal consists of research questions, aims, objectives, background, literature review and methodology used in the research project. In reality, the disease is disruptive as it has led to imperative situations and considerable business aspects in several countries. The government’s challenge is to reduce the impact of the disease that has resulted in long term consequences and is the risk for the economy. The management dilemmas and the trust in government is increasingly the major hindrance for the people who are directly or indirectly affected due to the disease. Effective governance and medical help will lead to a balanced situation. The purpose of the report is to investigate the effects of coronavirus on several businesses. The new corona outbreak that was first observed in Wuhan was spread in several regions later. The government enforced lockdown, and an uneven situation in several countries is still found.
The research question addresses the study of a coronavirus outbreak in the year 2020. The research question consists of How has coronavirus outbreak affected UK businesses?
Aims
The research aim is to analyze and investigate the effects of Coronavirus outbreak in the UK. The research aim is to highlight the pitfalls of disease and consider the challenges of global governance in the country.
Objectives
The research objective is to investigate and analyze the effects of novel coronavirus disease, which was started in Wuhan. However, it is essential to focus on the impacts of the disease and the disturbance in the supply chain and industries in the UK. The World Health Organization declared that the outbreak of the disease would lead to a global health emergency to which it will affect human life and impact business, employment and supply chain operations. The research objective is to control the disease so that the number of death is reduced to 2%, and the economic condition of the country is stable.
Background
The research provides analysis and investigation of coronavirus disease that has affected the world. The effects of the illness on management and business are discussed in detail. With the help of a literature review, the results of the disease are analyzed. The study will address the gap by providing knowledge of the impact of new illness and steps to be taken to control COVID 19. The research will contribute to the understanding of the disease and its significant challenges that government considers in the field of medical and health. In the UK, medical practices have improved, but the death rate has increased so far. Till date, eight doctors have so far died in the coronavirus disease.
Literature review 800
COVID-19 has shown failure in government activities as the actions of the government were over-zealous and inadequate for the disease. The authorities were not prepared for the effects of the disease. To regain stability, the trust and cooperation among people considered to be effective. The situation of lockdown and the necessary steps to delay the spread of the disease was adaptive. Centralized control measures were taken by the government to compensate and provide relief to people which helps in community resilience. Mass quarantine was observed in the UK t which situation can be under control (WHO 2020). The increase of mental health risk and anxiety was opted to control the lives of people. There were travel bans in the country, and political penalties were observed to control the overall situation. The government bodies were later prepared when considering the outbreak of disease that spread in several countries within 15 days (Inman 2020). This helped the government to pen down and inform people about the surging nature and effects of business in the future.
The health systems were fully prepared to limit the infection in the country. The army, corps and health professionals are the real heroes who are trying to build up the economy while stopping people and considering lockdown situation. Panic and stress was the actual situation that was spread in the country (McKinsey & Company 2020). Social media poses the nature of the challenge for people to guide and trust government by fighting with the disease and considering several aspects.
Businesses and industries have experienced evidence of seasonality and business downfall. Most of the countries have been affected by the virus. The extent countries and path of growth is controlled with lockdown situation in the UK, India and the UAE. Rapid control measures are taken to get back to economic growth and enhance the sign of relief (Reeves, Lang & Szlezak 2020). Due to the impact of physical distancing, the business has been closed, and there is a reduction in supply chain activities in the country. The new COVID-19 cases have increased so far, and the range of approaches have been addressed to take long term solutions. The efficacy of health system has awakened risk in the business and efforts to consider capacity growth in healthcare systems. The rigidity focus has increased while the acute capacity in the market and building blocks have significantly taken significant steps such as personal protective equipment. Coronavirus has affected the world economy to which it impacts the startup businesses and SMEs. The supply chain disruption has hit the industry, and the stock markets have continuously decreased. Due to the continuous decrease in the market, the economic shock hit the world (Meng, Hua & Bian 2020).
The global outbreak led to continuous fear, panic and stress situation. Restaurants, retail and supply chain management are primarily affected. Industries are closed due to a lockdown situation, while the demand side is limited (Chan et al. 2020). People all over the world are scared to move out of houses, and the government has made strict actions to be taken in concern with the lockdown situation. The pandemic is not limited to one sector; it has addressed stakeholders and has witnessed the slowdown that hampers the investors and stakeholders decisions (Powell 2020). There is a negative impact that is observed for blue-collar jobs and white-collar jobs.
Stock markets have felt the heat, and there is flatline around the globe that relates to loss of various businesses. Investors fear the spread of disease and the effects of the disease has been observed on a large scale. The banking industry has been affected, but the government has taken steps to control the activities and disease that has widely affected the world. The Central banks in countries like the United Kingdom have reduced interest rates (BCG 2020). The borrowing has been cheaper, and spending on economic growth has been encouraged by the government. The global markets have not recovered, but the workers are facing real-time issues to cop up with employment opportunity (Huang et al. 2020). The US jobless claims have majorly recorded high in March. The travel industry has been hit highly because of a lockdown situation. It is expected that the lockdown will still be extended to which the airlines cutting flights charges will be less later on.
Tourists have cancelled the holidays and trips due to government restrictions which is a noticeable change in the travel industry in the UK. More than 100 countries have made restrictions on travel to contain the virus and seal the borders to stop unprecedented activities in the EU (Dun & Bradstreet 2020). Even the US president, has announced a travel ban from European airports to control the virus and indulge in lockdown. There is growth in the supermarket and online delivery services. The retail industry has reported an increase in the demand of daily food items and has upgraded the services with sanitizers and toilet papers, etc. Therefore the effects of lockdown can be controlled with measures taken by the government and people together to stop the novel coronavirus and upscale the economy.
Methodology
The research methodology that will be implemented in the research is a case study to which it will help to provide significant considerations of the effects of coronavirus 2020. The business implications in the UK country will mostly be investigated. The SME business in the UK industry will be highly considered while examining the real-life context in the UK. SME business will be explored to which the investigation of business operations in times of Coronavirus will be observed in the research. For selecting the sample size, a particular SME business will be chosen in the UK for the study. The study will provide an analysis of business operations during the time of the outbreak of the disease. The sampling strategy that will be used will be based on probability and will ensure effective results while analyzing the business operations and effects of the virus in the industry. The data collection method that will be adopted in the research will be secondary data collection to which the response of investigation will be based on particular articles, newspaper and journals that address the information of impact of the virus on SME business.
Descriptive analysis will be considered while addressing the outbreak of coronavirus in the UK. The research design will be mixed method to which the study will provide investigation and results of SME business that are affected in the country to which a response measure should be taken by the government to control the overall scenario. The economic condition of the country is affected by the virus; therefore, the response of considering lockdown in the country will be a good option presented by the government. A small-medium enterprise business in the UK will be selected in the study. The effects of business due to coronavirus outbreak will be analyzed and investigated. Overall business loss and expense will be considered while comparing the SME with other companies (Department of health and social care 2020). The research project will present the effects of disease while considering several outcomes. The emergence of coronavirus was originated from China to which corporate and SME have been primarily affected. China is now trying to focus on starting the industries, while other countries are in real trouble before starting any business (Wang, Horby, Hayden & Gao 2020). Therefore the growth rate of commerce and SME’s have decreased drastically.
Issues
There is control in the ethical issues as specified in the research activity conducted by the researcher. The research consists of professional ethics and does not harm any community or industry. The significant aspects of legal considerations and ethical values are observed in the study. The research does not consist of issues in accessing organizations and participants. There are no participants in the study; therefore, the research is free from harming any individual or participant. There is full control over the research proposal to which research methodology is prepared.
Timeline
The research project will be completed in one month of the period while analyzing and investigating the effects of 2020 coronavirus in the UK.
Conclusion
The research proposal consisted of research questions, aims, objectives, background, literature review and research methodology. After considering the research proposal, a research project will be prepared in the future. The research aim is to investigate the effects of coronavirus and consider measures to control the disease so that market condition will be improved in the future. The impact of coronavirus on SME business in the UK was reflected in the research proposal.