CHALLENGES
Your Challenges
This year it’s the coronavirus. Next time, and there will certainly be a next time, it could be an earthquake, recession, or something else unforeseen.
For even the most significant business challenges, people are the solution. If you have the right people in the right places and synchronized to your strategy, you will always compete.
Are you prepared to address :
- Business impact
- Digital Transformation
- Diversity & Inclusion
- Future of Work
- Supply chain & operations
- Mergers & Acquisitions
- Sales Force Effectiveness
Prioritizing actions during a business crisis
1. Cash Conservation
- Cash will remain key and determine survival rates amongst businesses
- Cash flow based control and management to delay and avoid non essential or flexible outlays critical
2. Cost Control
- While Cash control is a band aid cost control is an attempt to realign to the new working order
- Reworking and resetting cost levels
- Rationalisation of costs with an approach to eliminate non essential spends
3. Strategic Redirection
- Reassessment of target market
- Reconfigure the business model
Themes during crisis
New ways of working
Stakeholder communication
Manpower and resource management
