The Beginning Of Your Virtual Territory
The COVID-19 has affected people’s lives in numerous ways.
2020 in a nutshell
Just 7 months ago, Corporate America was booming at an economic all-time high with the tourism and travel industry booming and technology on the rise. Yet, residents all over the world had to quickly adapt to the ever-changing times. Concealing someone’s face is a necessity, temperature checks have been a regularity, and millions of people across the nation are living in fear of the invisible virus. On a higher level, corporations also had to take immediate measures to conduct so-called “business as usual”. Because of the quick-paced response to COVID-19, people have lost their jobs and a sense of job security.
Even the most successful people have had to start from zero by relearning a different form of work.
And yet, relaying it back to present day, most corporations have immersed themselves with the technology to keep business moving.
What will the “new normal” of business look like once there is a cure to the virus? If anything, this unprecedented situation has given people a wake-up call, that the world, as we know it, is never going to be the same. Through this research blog, I aim to delve deeper into the virtual possibilities of business, whether or not professionals are going to stick with the “work from home” initiative, or if companies will work backwards and resume regular office hours until another recession strikes.
This topic of virtual or in-person has always fascinated me. Just two days ago, I had experienced a sudden power outage in my neighborhood. Hence, my wifi got disconnected and I was kicked out of my Zoom lecture. Without power and wifi, I was lost and had difficulty catching up on the college course. This was a learning moment for me. Now more than ever, people around the country are so connected virtually that it is nearly impossible to continue life without a strong Internet connection. Simply put, I am motivated to discover the extent to which business plan on creating profits, all through one monitor. Moreover, as an accounting major, I am specifically interested in the cost effects for large companies.
Would businesses opt to cancel their office lease?
How does this affect the sales of other industries?
Will businesses support home expenses that are directly related to work, like a strong bandwidth or proper office equipment?
I am intrigued by the changes in the financial statements and hope to unfold the truth about business profitability for this year.
Now onto the center of the article
From these findings, I hope to assist recent graduates who have lost their full-time offers due to the pandemic, to instill hope that companies are improving their methods of work and, if anything, that the virtual world has opened even more opportunities for emerging professionals.
Although I have mentioned several questions above, there are 3 main queries which I hope to answer by the end of this research project.
#1 What will the “new normal” of business look like once there is a cure to the virus?
This is a pressing topic as it will guide me in my search for a corporate position upon graduating with my degree.
#2 What are large companies looking for in an employee from now on?
Again, it is necessary for the future generation to update their skill sets to succeed in Corporate America.
#3 How has this pandemic changed the course of business in North America?
This is more of a curiosity question, in case I find valuable yet factual information about the past. I am a firm believer in learning from the past and paying it forward.
Change is not easy.
For those who are afraid of change, particularly learning the in’s and out’s of the virtual office, it is advised to open up the mind. Yes, change is scary, but it is often for the better. If the world did not adapt, then we would still be in the Stone Age. It is apart of evolution to let society take its course. I would also advise readers to have a positive outlook amidst the pandemic. There are enough articles on the Web that emphasize large numbers and data, but we are currently experiencing something historical. Everything we are enduring is experiential and remarkable.
