The novel coronavirus crisis has put a whole new spin on “think global, act local.” There is a lot to be learned from how companies around the globe are reacting with respect to people, processes and business.
Some crises are sudden and explosive, and some can be seen materialising from a distance, yet can’t be stopped for various reasons. No series on crisis management is complete without at least a word on the most effective way to manage a crisis: prevent it from happening in the first place.
Running a business is not easy. There are a number of variables floating around on any given day that can affect how things flow. Having policies, procedures and rules in place, and hiring smartly helps the business grow with lesser snafus. Yet, there are ticking timebombs!