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INTERNATIONAL JOURNAL OF BUSINESS EDUCATION AND MANAGEMENT STUDIES

International Journal of Business Education and Management Studies (IJBEMS)

Current Issue

Covid-19: The Aftermath for Businesses in Developing Countries

IJBEMS  ·  Vol 5 Issue 1 2020  ·  2020-05-23
Publication Details
Author(s)
IME ROBSON NSEOBOT, IKOROHA INNOCENT SIMEON, ANIETIE IMO EFFIONG, DR. EDIDIONG IME FRANK, EMMANUEL SUNDAY UKPONG, MICHAEL OKON ESSIEN, ANIEKAN NYARKS, INIOBONG ANIEKAN NYARKS
Article Type
Research Article
Issue
Vol 5 Issue 1 2020
Volume
5
Number
1
Pages
33-49
Publication Date
2020-05-23
Abstract
Over the years, SMEs sector had played a critical role in contributing economy of nations around through creation of employment opportunities, income generation, equitable distribution of income whence contributing towards poverty alleviation, GDP etc. However, this sector has suffers a number of challenges in domestic and global market competition as a result of city locked down and social distance following the outbreak of the pandemic diseases known around the round as covid-19. In order to avoid the uncontrolled spread of COVID 19, countries round the world announced lockdowns unanimously some earlier and some later. No doubt the shutdown has slowed the spread of coronavirus. Currently, SMEs is face with traditional hardships in finance, management skills, poor cash flow, deficit in accounting and several problems that hinder them from achieving good performance. However, it has other repercussion, ranging from economic slowdown, diminishing the production to note a few. Thus, the study seeks to ex rays the aftermath of covid-19 for Businesses in developing countries.
Keywords
Covid-19 City Locked-down Businesses SMEs