Posted: November 8th, 2022
PSC 495 Topic 1 DQ 2 (Response to Rita).
Please respond positive to this posting. The answer does not have to be 275 words. Describe a problem you are considering for your action research project, and discuss the following: 1. Explain your motivation for addressing this problem in terms of why it is significant to the organization. The coronavirus has negatively affected most businesses in the US.PSC 495 Topic 1 DQ 2 (Response to Rita).
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Because of this fact, they are going to be looking to their suppliers/vendors to provide a payment restructuring program because of loss of revenue. 2. Explain how addressing the problem could produce positive results for the business, its employees, and customers. By creating a revenue protection/relaxed payment program, my organization could mitigate revenue loss and customer attrition while promoting good-will and employee satisfaction. 3. Identify two ethical issues that could be connected to resolving the problem and explain how you would address each issue as part of the problem-solving process. a. Business not effected by the pandemic, could seek payment arrangements by making false statement of financial loss. To prevent this from occurring, we would ask customer to provide proof of revenue loss. b. Company salesperson may seek to use pandemic crisis to manipulate customers into extending contracts or purchasing services in order to get a reduced payment; resulting in the salesperson receiving a larger commission. It will be necessary for salesperson to receive approval from VP before offer can be made to customer.PSC 495 Topic 1 DQ 2 (Response to Rita).
It is true that coronavirus has impacted most of the business negatively and not only in the United States but globally. The hit in china slowed things since most of the countries import products from there. Also, the spread that caused lockdown in most countries had an enormous impact on the production of most organizations. I believe thinking of working on these issues was an excellent idea. It will work effectively since most of the businesses after this pandemic will require to restructure their revenue program due to the loss incurred. The prudent entrepreneurs and organization managers are already preparing and working on different ways to rescue businesses from failing. PSC 495 Topic 1 DQ 2 (Response to Rita).
The idea of creating a revenue protection payment program will work. According to Schnitkey (2017), revenue protection offers coverage to guard against loss of income caused by low charges, under production, and sometimes both. Businesses are facing unprecedented economic disruption. Introducing this protection program will help them get back to the market after the pandemic. It will also reduce employee lay-offs, and consumers will not lack products as companies will conduct business as usual.
Ethical issues are likely to increases during this period. Although many businesses have lost a lot during this period, some are still operating primarily online-based organizations. However, after the pandemic, when the most affected will be seeking reliefs and subsidies from the government and organizations offering revenue protection. Some stable organizations will likely find payment arrangements too. I agree with you that to prevent this from happening provision, every organization seeking this aid should provide proof of revenue loss. Besides, marketers and salespeople should not use the crisis to exploit consumers. Hence, every one of them should receive approval from VP before conducting business. PSC 495 Topic 1 DQ 2 (Response to Rita).
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