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Insight into Business Management’s Views and
Challenges on the Impact of Covid-19 Global Pandemic
(Its Consequences on American and Nigerian Labour Market)
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Introduction
‘COVID-19’ spreads rapidly across the globe.
Impact on lives and businesses enormous; not just as a medical crisis; rather, as economic crisis as well.
Resulting in a worldwide economic recession.
The solution calls for a major effort by entire communities, but especially the academic community.
The COVID-19 pandemic changes businesses and society in important ways.
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Problem Statement
Slowdown of the global economy
Endangered public health, many people became sick and consequently died.
Government imposed lockdowns - reduce the spread of covid-19.
Many workers stop going to work
Production decreases - shortage
Workers ability to work weakens
Demand for labour decreased.
Unemployment spiked.
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Aim/Objectives
To critically evaluate existing papers from the leading journals on the impact of COVID-19 on labour market and economy.
To develop a research scale that could be used to analyze the impact of COVID19 on labour market and economy.
To use management theories to develop arguments or hypothesis that would enhance a strong labour market for future emergencies
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Research Questions/Hypothesis
Research Questions:
How did covid-19 impact the USA and Nigeria labour market and economy?
What particular areas of the USA and Nigerian Labour market and economy are mostly affected by Covid-19.
Hypothesis
H1. The effect of Covis-19 has led to rising unemployment in the USA and Nigeria
H2. Consequently labour market and economy of the both countries have been adversely affected
H3. The impact of Covid-19 on Nigerian labour market is related to the stringency and compliance with government containment policies.
H4. Social media platforms such as Phones, Facebook, Zoom etc. play critical role on emergencies such as Covid-19 pandemic.
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Research Methodology
Qualitative/Quantitative analytic study
Qualitative
adopt a scale variables approach
generated from topics covered in the papers of leading academic business journals
To form the basis of our analysis
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Quantitative
Deep Interview
10 Managers from manufacturing companies in Nigeria
10 Managers from manufacturing companies in Nigeria
Expected Results
USA government able to stem the devastating effect of Covid-19 on labour market and economy.
Nigeria able to protect labour market and economy from total disintegration.
Social media systems used to carry out labour market affairs and that of economy
Developing economy such as Nigeria contributed in the fight against Covid-19.
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