10 PILLARS FOR MANAGING COVID-19 RESPONSE
As the implications of the COVID-19 pandemic become more apparent and economic conditions worsen, businesses must prepare for extreme disruption. Timeframes are uncertain and governmental guidance varies from country to country. It is incumbent upon leaders to address immediate concerns and prepare for multiple contingencies, while keeping business running with a longer-term perspective.
This 10-pillar approach is founded on time- and experience-tested principles of crisis management and is designed to give businesses the greatest chance to weather the storm, creating stability and resilience and protecting value for recovery.
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In the face of such uncertainty, we have identified three things in the short term that help you anticipate, re-plan, and communicate effectively. However, a crisis may also expose long-standing underlying issues, and businesses must address these long-term vulnerabilities, as well. Learn about a simple approach to help you establish a ‘cash culture’—an essential ingredient in the ongoing resilience of a business.
Immediate concerns checklist
As governments around the world scramble to tackle the spread of the COVID-19 virus, businesses must think globally, quickly, and strategically about the social, operational, and financial fallout.
While the situation remains highly fluid, disruption is certain to continue for weeks, if not months, meaning businesses must swiftly take decisive, clearly communicated action that engages and informs all stakeholders. In this checklist, AlixPartners highlights the immediate areas senior business leaders must address as they navigate this highly disruptive event.
Homeworking, social distancing, and self-quarantine may help to mitigate the risk of a virus taking hold within a workforce, but it presents practical challenges and raises questions and risks of its own. Information security may be forgotten, and the attack surface for cyber-criminals is increased. We advise these five key tactics for minimizing your business risk.
Amid so much uncertainty, it is increasingly important that managers take a strategic approach to directing employees and business objectives. Indeed, as reported in a new Edelman Trust Barometer survey, people are looking more to their employers than to governments or the media for leadership and information in this crisis. This guide lays out simple coaching tips for business leaders to help you create stability and consistency in the best effort to protect your value for recovery.
This 10-pillar approach is founded on time- and experience-tested principles of crisis management. It gives businesses the greatest chance to weather the storm, creating stability and resilience, and protecting value for recovery.
At this tumultuous, and frankly confusing, time, what actions can retailers take to minimize and prepare for impacts to the business while also getting ready for a post-COVID-19 world? Here are ways to think about managing organizations and operations, including supply chain, during this unprecedented time.
The food industry workforce is doing a heroic job during this unfolding human crisis. Grocery retailers will need to continue to prioritize the health and safety of consumers and workers, while remaining flexible. Read advice on how to adapt in this ever-changing environment.