The pandemic is delivering a profound shock to the economy. This crisis could last well into 2021 and beyond.
It will shrink the global economy by 5.2 per cent this year. According to the World Bank, it represents the deepest recession since World War Two, triggering a dramatic rise in extreme poverty. Continue reading
As COVID-19 has disrupted life all over the globe, organisations are forced to significantly change and adapt to the ever-changing customer attitudes and preferences resulting from the pandemic.
The competitive playing field and business environment have been reset. It is now back to square one for many businesses. Businesses have to operate like a start-up, big and small. And they have to start at the same time when governments relax their social isolation requirements. Continue reading
This is where the achievement of objectives must be translated into tangible successes that are linked to positive outcomes.
Growth for growth’s sake is meaningless. Achieving objectives for the sake of it is meaningless unless you want to game the system and get your financial bonuses by meeting some meaningless performance targets. It becomes a meaningless compliance exercise. Continue reading
[This article is the third in my COVID-19 series, helping organizations and people conquer the crisis. The first two can be found here and here.]
After the initial response to the emergence of COVID-19, businesses will have to organize themselves to survive the impact of COVID-19. Continue reading
Here are some practical considerations you need to make in developing and implementing your COVID-19 business continuity strategies for your organization or business, or even for yourself.
If you already have some form of business continuity plans already developed, execute them. Otherwise, you have to take a practical short-cut and use the information below to flexibly develop your next steps as you go. Continue reading