MANAGING YOUR BUSINESS DURING CRISIS
To respond—and recover—from a crisis, companies and their boards must work quickly to minimize business interruption, maximize operational efficiencies, and assess cash flow, and liquidity concerns.
The difference between responding to a crisis and recovering from a crisis: effective leaders.
Business leaders are facing the dual challenge of responding to a global health crisis while keeping their businesses operational. While it is difficult to strategize amidst uncertainty, your organization’s crisis response can help you minimize risk and improve business resilience.
In the short-term, companies must navigate office closures, travel restrictions, liquidity challenges and disruption to their “old” normal. Longer term, they must ask themselves “What’s next?” What’s next for my business, and what will it take to once again thrive? Those questions can only be answered through effective leadership.