Apr 10, 2022
In Welcome to the Cars Forum
The past few weeks have shown us how important it is for all of us to have deep empathy with those around us. With this comes the need for clear communication and open dialogue with customers and employees. These are all key elements of a business resilience strategy, a strategy that strengthens a business in the face of challenges and prepares it for long-term growth. In March, McKinsey & Co. released advice for leaders who need to Latest Mailing Database steer their business through the tough times ahead. While the guidance is specific to the Covid-19 crisis, the general framework can be applied to other crises that are emerging, including the important racial justice discussion currently unfolding. Authors Kevin Sneaker and Shubham Singhal suggested that companies plan their next moves through the “five horizons” of resolution, resilience, rebound, reimagining, and reform, as seen here: Companies must plan their actions on these five horizons The first priority of leaders in times of crisis is to Latest Mailing Database meet the immediate needs of their employees and customers. After addressing this “resolve” stage, leaders should focus on strengthening future operations and building overall business resilience. In fact, Sneaker and Singhal warned that this second step and its results will have long-term implications for most (if not all) businesses: “Faced with these challenges, resilience is a vital necessity. Short-term cash management issues for liquidity and solvency are clearly paramount. But soon after, businesses will need to act on broader resilience plans as the shock begins to upend established industry structures, resetting competitive positions forever. » How should companies think about long-term financial success as they overcome the immediate challenges of business continuity? What will it take to ensure long-term growth in the Latest Mailing Database post-pandemic world, especially as our customers' needs continue to change in ways we cannot yet predict? We spoke to executives from companies such as Lattice, Yitro and Fortify to get their thoughts. We asked them what kinds of resilience plans they were developing, both for now and for the future. Here are some of the strategies they shared and how you can apply them to your own business as you move forward.