COVID 19 poses threat to Vynn Venture SDN BHD’s financial stability

Abstract

Covid-19 had affected almost everyone and had gave a big impact towards business and many industries in the world. This pandemic also affected many companies especially towards its financial. Businesses must navigate the financial and operational challenges during the pandemic of Covid-19 while rapidly addressing the needs of their people, customers and suppliers. Companies that are not ready with this pandemic may have to shut down their operation or cannot continue its usual operation as there are many guidelines that needed to be follow. Having a strong foundation in the financial stability will allow companies to cover their operation expenses especially the salary of the employees. This pandemic had affected Vynn Ventures Sdn Bhd’s operations thus worse its financial. A number of their project were delayed thus cannot finish on time. Hence, it caused many problems such as the payment for this company as they received late payment. They also have problem with their financial since they have to reduce the operation cost. Therefore, the aim of this research is to examine the ways and steps that can be taken by this company to improve its financial stability. The importance of the study is to identify whether financial stability is important to the company and the step that can be taken by the company to ensure their financial stability. The intervention for this research is the company can take a loan with the financial institution to solve their financial issues. This research used quantitative and qualitative as the methodology. This research will exposed the importance of financial stability in every company. Company will able to sustain during unexpected impact and challenges if it have a strong financial stability. Company also can manage and create the best strategy for their company to absorb the shock in case of unexpected event such as Covid-19.