Terence Fan
Terence Fan is an Assistant Professor of Strategic Management (Education) and an Academic Director of Accreditation. His research focuses on New Venture Strategy, Inter-firm Collaboration, Evolution of Technology and International New Ventures.
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In sum, if the shock is global in nature such as the current Covid-19 pandemic, there is really not much businesses can do to contain the negative impacts on the supply side and on the demand side. Extending a lifeline to businesses via fiscal subsidies during the economic hiatus, such that production capacities can be preserved until the world economy restarts, may be the only feasible option.