How to maintain the cash flow in the COVID-19 epidemic? Is it necessary to adjust the business model? Since the employees have been staying at home as requested, how much should they be paid? How to balance between rights of the employees and interests of the business? Will this crisis bring new opportunities for companies and entrepreneurs? Professor Su Yong, Head of Department of Business Administration, Fudan University School of Management, was interviewed regarding these questions by Wenhui Daily, a major newspaper in Shanghai.
He pointed out that the COVID-19 outbreak has forced many entrepreneurs in China to confront corporate social responsibility, long-termism, business ethics, environmental friendliness and many other subjects that seem irrelevant to the corporate development. Professor Su Yong gave seven suggestions on what the companies can do to survive this epidemic.
