Businesses can manage a crisis by first understanding the possible macro effects of the crisis on the business. This could include fewer business opportunities, need for layoffs or even closure, and a decrease in commercial lending. It's also important to plan human resources effectively, especially in departments with paused hiring and pay reduction. Businesses should also define the scope, issues, and time horizon of the crisis, list all key drivers, gather and analyze data, and develop different scenarios for crisis management.
In face of uncertainty and disruption, use our COVID-19 Crisis Management deck to undertake the curr...
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