The Impact of COVID-19 on Business Dynamics; Why Organizations Need to Revisit Their Strategic Plan?

Organizations in the field of long-term care such as providers of assisted living, community-based care, long-term care, senior living, and more are facing thousands and millions of dollars in lost revenue associated with the outbreak of COVID-19. As a result of deaths caused by this recent pandemic, senior communities have witnessed a large fall in population. It might be safe to say that COVID-19 has completely disrupted the balance sheets of these organizations and it will certainly have a lingering impact on the overall dynamics of the business world; for-profit and non-profit organizations. While some businesses are able to cope …

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