Pragmatic, effective strategies to help your business navigate the COVID-19 crisis - Demonstrate Strong Leadership
Pragmatic, effective strategies to help your business navigate the COVID-19 crisis - Demonstrate Strong Leadership
With news about the global coronavirus pandemic continually evolving, business owners are understandably confused and worried.
This is a crucial time for business leaders to navigate carefully. Throughout this five-part series, we will provide you with current information, practical suggestions and helpful resources to keep your business on a safe pathway through disruption — and position it for accelerated success when the coronavirus crisis has passed.
- Stretch cash flow
- Preserve your workforce
- Reinforce revenue
- Demonstrate strong leadership
This is the time to be a strong leader — thoughtful, shrewd, strategic and cognizant of how to maintain and drive employee engagement. And a smart decision maker -— nimble in adapting to constant change.
Connect with other business leaders to share knowledge, resources and connections. Communicate openly and honestly with employees, customers, partners and other stakeholders.
As the capable leader of a company with solid infrastructure and human capital in place, you will be positioned for a trajectory of strong, sustainable growth when this storm passes.
Help your community thrive
In situations like these, it’s even more important for leaders to look beyond their immediate business challenges and question how they can support their greater community. Consider how you can leverage your resources and reach out to neighbours who may be in need, such as local food banks.
Your support will be invaluable as we all navigate the COVID-19 crisis together, and it won’t be quickly forgotten.
Do not underestimate how your leadership could be used to create revenue channels, motivate your employees and help other businesses in your community survive this crisis.
Prepare for Business Interruption during the COVID-19 Pandemic
MNP’s National Leaders of Enterprise Risk and Business Resilience, Mariesa Carbone and Cliff Trollope, prepared a guide to help businesses develop appropriate plans to minimize business disruption during the coronavirus pandemic: Preparing your organization for business interruption from COVID-19.
FIND AN ADVISOR NEAR YOU
Our experienced professionals are here to help you make the best possible decisions. If you do not currently have an MNP advisor, click here to find an advisor near you and an appropriate MNP professional will be in touch within 24 hours.
Yohaan Thommy, PMP, CMC, is a Partner with MNP’s Consulting Services team and leads the firm’s national performance improvement practice. You can reach him at [email protected] or 905.220.3211
Daniel Caringi is a Partner with MNP’s Consulting and Technology Solutions team. You can reach him at [email protected] or 416.626.6000
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