There's lots to do following COVID-19, with opportunities to grasp and calamities to avoid. In our experience supporting organisations dealing with the current situation, there are 4 main areas to focus on:
In tough times, values come to the fore, shaping our attitudes and behaviours. So right now, it's important for you to discuss at a senior level:
How are you bringing your organisation's values to life right now?
How are you currently NOT living your values?
How do you want to be remembered by your people and customers, in terms of how you dealt with the pandemic?
Your answers serve to shape decision making as the new normal evolves.
Plan for 3 possible economic scenarios:
You'll need to create a scenario team to do this.
Your scenario team now need to create a map of indicators, tracking things like:
Creating a rebound team with sub-teams will help you adapt swiftly to whatever scenario is emerging. We recommend you create:
Tell us a bit about your business, its context and current challenges, and we'll explore ways that will help during this challenging time. Whether or not we work together in the future, you'll get some useful food for thought!