Abstract
Starting from 2020, life for everyone has shifted due to the unprecedented pandemic (Coronavirus, COVID-19), and so do SMEs (Small and Medium Enterprises). The purpose of the present study is to examine the relationship in what COVID impacts SMEs in Sport industry and whether structural changes have occurred for those firms due to the transformation of customers' spending habits. The study mainly focuses on a regional scale in Guangzhou, one of the cities in Guangdong Province, China. Five Interviews had conducted via phone call or personal meeting about the current situation of sport-related firms and their experiences about their past two years. Through those interviews, it can be concluded that SMEs in the Sports Industry have been devastating in the past two years, and most of them have to make structural changes to the structure of the firm to keep the firm functioning under current circumstances. Through past literatures, a social phenomenon has shown that people started to change their spending habits after COVID through reasons of anxiety and higher tension in their financial situation.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
