Global companies have to be predictive and proactive in their decision-making to preserve business continuity and build enterprise resilience.
As companies navigate the ongoing COVID-19 crisis, there are a number of key issues corporate leaders should be thinking about, as well as steps they can take to not only react to severe business shocks now but also reshape their business and plan for recovery.
We have identified five priorities for business leaders to consider – many based on perspectives and experiences from China and other countries in Asia, where COVID-19 first impacted.
1. Prioritize people safety and continuous engagement
2. Reshape strategy for business continuity
3. Communicate with relevant stakeholders
4. Maximize the use of government support policies
5. Build resilience in preparation for the new normal
Companies around the world are trying to come to terms with the impact the coronavirus (COVID-19) is having on their business. Although the risks are considerable, the crisis also reveals areas where companies can build resilience and reshape themselves for a post-crisis world.
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