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Truichici Larisa Suzana

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The podcast discusses the impact of the COVID-19 pandemic and Chapter 11 bankruptcy on Hertz's financial structure. The research project aims to analyze Hertz's financial structure, risk management, crisis response, and bankruptcy decision. Quantitative and qualitative methods are used, and the findings highlight the financial strength of Hertz due to COVID-19. Hertz implemented agile fleet management and crisis business protocols to improve its financial stability and regain stakeholder trust. Overall, the podcast explores the effects of global events on Hertz's financial situation and the steps taken to recover. Hi everyone, my name is Tricky Clarissa Susana and today I will talk about Hertz. The podcast presentation focuses on the case of study of Hertz. The case study discussed Hertz' struggle during the COVID-19 pandemic and the Chapter 11 bankruptcy. Any methods and findings are given. The podcast presentation will focus on the impacts of the on-person global events such as the COVID-19 pandemic and the Chapter 11 bankruptcy on the financial structure of Hertz. Hertz is the second largest vehicle company that serves at the prime airport located in the United States. Description aims methods and findings will be analyzed through this podcast presentation. Description of research project COVID-19 pandemic has impacted. Bankruptcy remote trust has been destabilized. In 2019, fresh debt was worth $750 million. Yields full of the management in 2021. The financial structure of Hertz has been impacted by the COVID-19 pandemic and the revenue of this business reduced. In 2019, it was issued that worth $750 million in fresh debt paid down from a previously issued note valued at 7.625%. Aims of research project Examination of financial structure Analysis of risk management Evaluation of crisis response Understanding of bankruptcy decision The aim of research project is to find out the financial structure and examine the context relationship between debt and stock of this organization. As Hertz has an enormous vehicle network, is it essential to gain instincts into the challenges that come out with running such a large vehicle organization? This research project examines how Hertz handles difficulties during this early phase of the COVID-19 pandemic as well as the success of this crisis response strategies. Methodologies and findings of research project Quantitative and qualitative methods are used in this research project. Interview programs are conducted by the Hertz K stakeholders. The findings of research project are Hertz financial strength due to COVID-19. Authorization description and strategic response by Hertz Bankruptcy is a survival strategy for Hertz until 2023. Both qualitative and quantitative methods are used by the researchers in the research project so that they can understand the impact of unforeseen global events such as the COVID-19 pandemic and bankruptcy in Hertz. A quantitative method is used in terms conducting a comprehensive review of financial statements of Hertz from 2019 to 2021. A qualitative method is used to look into Hertz response to the pandemic from the findings if it learned that financial performance of Hertz has declined. The COVID-19 pandemic has impacted the tourism business as well as decreased the revenue of this business. At this moment, bankruptcy became a survival strategy of Hertz that reduced financial burdens and recovered its position in market. Implementation of research findings Hertz implemented agile fleet management in 2021 and hedge crisis business protocols. After finding various issues, Hertz decided to reposition its debt so that they could get opportunities for debt restarting. Hertz focuses on the implementation of agile fleet management in terms of increasing vehicle's best. Market demands enhancement of crisis business protocols as well as improving its technology so that it can improve the operation of this business. Conclusion and results Improved financial stability rebuilds the trust of stakeholders' digital transformation. Hence, this podcast presentation has been completed by discussing various aspects of global events on the financial structure of Hertz. As a result of implementing those findings, Hertz can improve its financial stability and it also can regain the trust of these stakeholders. After focusing on this implementation of digital technology, Hertz can increase its customer experience and essentially in operation work.

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