The entire world is currently dealing with the same crisis, the Coronavirus Disease 2019 (COVID-19) pandemic. Countries, organizations, and individuals are faced with extremely serious risks, uncertainties, challenges, questions, and decisions--in many cases existential in nature. It is important for everyone to arm themselves with accurate, comprehensive information to best prepare themselves and their organizations to manage through this crisis by making informed, thoughtful decisions.
This presentation discusses both global and organizational impact and implications of the COVID-19 pandemic, along with critical actions organizations should take immediately.
The first 2 sections discuss 9 potential scenarios and the 4 stages of economic recovery. These scenarios capture outcomes related to GDP impact, public health response, and economic policies.
The third section delineates 6 immediate and critical actions organizations should be taking:
1. Protect Employees
2. Set up a Cross-functional Coronavirus Response Team
3. Ensure Sufficient Financial Liquidity
4. Stabilize the Supply Chain
5. Practice Customer-centric Design
6. Help the Community
We hope you can leverage these slides to help guide and manage your organization safely and successfully through this crisis.
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