The Ministry of Economy submitted 10 proposals to companies in the country to continue doing business during the Corona virus pandemic and avoid stumbling, as well as increasing sales as much as possible, and reducing losses, due to the closures that are applied to most economic activities in the world to combat the virus.

In a document issued yesterday, on the best practices for conducting business in the crisis of «Covid-19», the Ministry called on companies, especially small ones, to market via the Internet through specialized platforms, provide a free trial to start selling products online, and build a database to classify customers According to their interests, in addition to interacting on social media, especially when the company does not have permanent customers for their continued attraction.

It also called for the presentation of special offers and discounts on sales made online, in addition to updating important business information via the Internet, and the use of live broadcasts through the media.

Modify the activity

The Ministry of Economy also called on companies to temporarily adjust their activities or products in case of necessity, and to switch to activities that support the market requirements in the current circumstances, such as manufacturing sterilizers and protective tools and providing delivery services, stressing the importance of transparency with customers and the public, especially during the current time.

She advised to provide advice to clients and the public to maintain existing clients and attract new clients, such as preparing recipes in the case of restaurants or guiding to physical fitness exercises in gym situations, and finally creating a list of subscribers to the company’s email to facilitate the distribution of information to everyone in these difficult circumstances.

Business continuity

In the document, the Ministry of Economy stressed the need to prepare work teams in companies to be more productive than ever for business continuity during the Corona crisis, in addition to reducing expenditures as much as possible, especially reducing operating expenses, speeding up financial flows, collecting financial dues and investing in technology, and trying to rent Rather than buying, as well as adopting openness with staff to be more aware of the situation and adopt decentralization in decision-making.

Maintaining clients

The ministry indicated that companies and employers can take a number of measures to maintain their customers, maintain contact with suppliers, and develop alternative solutions through the company’s willingness to change a number of practices to maintain operations in the company, such as setting up direct communication channels with suppliers regarding supply plans and identifying Substitute suppliers, develop a plan on how and when to activate replaceable suppliers, prioritize existing customers, while establishing communication channels with these clients, and temporarily suspend some operations.

Affected sectors

The Ministry of Economy had previously stated that the sectors most affected by the Corona pandemic are the sectors of tourism, travel, aviation, hotels, hospitality and export services, logistics, trade and services. It also identified five promising areas due to the crisis, including pharmacy, sterilizers, e-commerce, the creation of smart applications and distance education activities, as well as the creation of artificial intelligence platforms.

The 10 proposals

-- Internet Marketing.

Building a database for customer classification.

- Interacting on social media.

Submit special offers.

- Update important business information online.

- Use the live broadcast.

- Modify the company's activities temporarily.

Transparency with clients and the public.

Provide advice to clients.

- Create a list of email subscribers.

The Ministry of Economy called on companies to temporarily amend their activities or products if necessary.

Sterilizers, e-commerce and smart applications are promising activities due to Corona.

Follow our latest local and sports news and the latest political and economic developments via Google news