Movement restrictions imposed by various governments to mitigate the spread of COVID-19 pandemic in the form of social distancing and closure of national and international borders and airports has brought a number of business organizations to a standstill, leading to the decline in growth and market share, especially the hard-hit tourism and hospitality industries. Assume that you are the manager of IDISAM Hotel LTD, which holds the largest market share in the hospitality industry, but now on the verge of collapsing due to COVID-19 pandemic.

Required: Supporting your answers with specific examples and justifications, propose corporate or grand strategies that the company can use to deal with the situation at hand.