Case Study Read the case study given below and answer ALL the questions given at the end of the case. MEF: End full lockdown immediately Wednesday, 23 June 2021 PETALING JAYA: MEF has urged the government to end the Full Movement Control Order (FMCO) with immediate effect to stop causing further damage to the national economy and individual livelihoods. MEF President Dato’ Dr Syed Hussain Syed Husman J.P. said the lockdown has had a negative compounding effect on businesses since the MCO 1.0 in March 2020 with many companies being forced to shut down, thus causing higher retrenchments and loss of income. “There has to be a reasonable balance between the saving of lives and livelihoods. The restrictions under the FMCO and confusion over the SOPs are killing businesses with many SMEs and micro enterprises severely impacted. “Employers are prepared to endure even tighter restrictions under FMCO and even higher penalties for breaking the rules to end the lockdown, but the issue of livelihoods must also be addressed. “We urge the government to allow all sectors to operate because if the current situation continues, we risk facing very serious economic and social implications for a long time. Citing recent distressing reports from the SMEs, manufacturers, retail sectors and Bumiputera entrepreneurs, he said companies in the non-essential sectors could not survive and that thousands would be forced to shut down should the lockdown remain enforced for much longer. “Some of the micro enterprises and SMEs are suffering to a level beyond recovery and need urgent help,” he said. “There comes a time when livelihoods must take priority as many people depend on their business. Not only the micro enterprises and SMEs, even the large companies need to operate to survive to meet overhead costs. “Further, companies that are allowed to operate are also facing serious issues as they depend on their supply chain for supplies, but many of those in the supply chain are not allowed to operate. “Most of all, the implications extend beyond employers to the ordinary man on the street who needs to put food on the table and meet his basic commitments. “We need to open up and provide financial aid quick.” Dato’ Dr Syed Hussain also concurred with the government that Covid-19 may become endemic and that Malaysians would have to learn to live with Covid in the long term, just like the flu and dengue. “We support the National Covid-19 Immunisation Plan and encourage our employees and their families to be inoculated, and in fact the number of people getting the jab is increasing,” he said. “We also hear from our employees that many of their aged parents (above 60 years) are still waiting for appointments, and in some cases had yet to receive any date for appointment. “This creates stress on certain employees which would then impact their work and productivity. “We suggest that all parents above 60 years be given automatic approval to be vaccinated at the vaccine centres under the senior citizens group. “MEF commends the government’s untiring efforts to get the rakyat vaccinated by ensuring that there is enough supply that is easily accessible by everyone. “MEF appeals to the government to end the FMCO and focus on livelihood priorities now,” he added. Source: https://www.mef.org.my/news/pr_article.aspx?@ID=108 End of Case Study 1. According to the article above, almost all economic sectors are affected adversely due to the imposing of lockdown by the government. Analyse how the businesses were affected in the hotel industry since the first MCO in March 2020.
Critical Path Method
The critical path is the longest succession of tasks that has to be successfully completed to conclude a project entirely. The tasks involved in the sequence are called critical activities, as any task getting delayed will result in the whole project getting delayed. To determine the time duration of a project, the critical path has to be identified. The critical path method or CPM is used by project managers to evaluate the least amount of time required to finish each task with the least amount of delay.
Cost Analysis
The entire idea of cost of production or definition of production cost is applied corresponding or we can say that it is related to investment or money cost. Money cost or investment refers to any money expenditure which the firm or supplier or producer undertakes in purchasing or hiring factor of production or factor services.
Inventory Management
Inventory management is the process or system of handling all the goods that an organization owns. In simpler terms, inventory management deals with how a company orders, stores, and uses its goods.
Project Management
Project Management is all about management and optimum utilization of the resources in the best possible manner to develop the software as per the requirement of the client. Here the Project refers to the development of software to meet the end objective of the client by providing the required product or service within a specified Period of time and ensuring high quality. This can be done by managing all the available resources. In short, it can be defined as an application of knowledge, skills, tools, and techniques to meet the objective of the Project. It is the duty of a Project Manager to achieve the objective of the Project as per the specifications given by the client.
Case Study
Read the case study given below and answer ALL the questions given at the end of the case.
MEF: End full lockdown immediately
Wednesday, 23 June 2021
PETALING JAYA: MEF has urged the government to end the Full Movement Control Order (FMCO) with immediate effect to stop causing further damage to the national economy and individual livelihoods.
MEF President Dato’ Dr Syed Hussain Syed Husman J.P. said the lockdown has had a negative compounding effect on businesses since the MCO 1.0 in March 2020 with many companies being forced to shut down, thus causing higher retrenchments and loss of income.
“There has to be a reasonable balance between the saving of lives and livelihoods. The restrictions under the FMCO and confusion over the SOPs are killing businesses with many SMEs and micro enterprises severely impacted.
“Employers are prepared to endure even tighter restrictions under FMCO and even higher penalties for breaking the rules to end the lockdown, but the issue of livelihoods must also be addressed.
“We urge the government to allow all sectors to operate because if the current situation continues, we risk facing very serious economic and social implications for a long time.
Citing recent distressing reports from the SMEs, manufacturers, retail sectors and Bumiputera entrepreneurs, he said companies in the non-essential sectors could not survive and that thousands would be forced to shut down should the lockdown remain enforced for much longer.
“Some of the micro enterprises and SMEs are suffering to a level beyond recovery and need urgent help,” he said.
“There comes a time when livelihoods must take priority as many people depend on their business. Not only the micro enterprises and SMEs, even the large companies need to operate to survive to meet overhead costs.
“Further, companies that are allowed to operate are also facing serious issues as they depend on their supply chain for supplies, but many of those in the supply chain are not allowed to operate.
“Most of all, the implications extend beyond employers to the ordinary man on the street who needs to put food on the table and meet his basic commitments.
“We need to open up and provide financial aid quick.”
Dato’ Dr Syed Hussain also concurred with the government that Covid-19 may become endemic and that Malaysians would have to learn to live with Covid in the long term, just like the flu and dengue.
“We support the National Covid-19 Immunisation Plan and encourage our employees and their families to be inoculated, and in fact the number of people getting the jab is increasing,” he said.
“We also hear from our employees that many of their aged parents (above 60 years) are still waiting for appointments, and in some cases had yet to receive any date for appointment.
“This creates stress on certain employees which would then impact their work and productivity.
“We suggest that all parents above 60 years be given automatic approval to be vaccinated at the vaccine centres under the senior citizens group.
“MEF commends the government’s untiring efforts to get the rakyat vaccinated by ensuring that there is enough supply that is easily accessible by everyone.
“MEF appeals to the government to end the FMCO and focus on livelihood priorities now,” he added.
Source: https://www.mef.org.my/news/pr_article.aspx?@ID=108
End of Case Study
1. According to the article above, almost all economic sectors are affected adversely due to the imposing of lockdown by the government. Analyse how the businesses were affected in the hotel industry since the first MCO in March 2020.
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