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Never Waste a Good Crisis: Reinventing Your Business

Winston Churchill once said, “never waste a good crisis” and as business leaders start to transition from COVID-19 response phase to recovery phase, it is important to reflect on the lessons learned and prepare for the next pandemic.

1. Change your perception of pandemic risk

Some commentators and “experts” categorised the coronavirus pandemic as a ‘black swan’ event. Nothing could be further from the truth. A “black swan” is an unpredictable event that is beyond what is normally expected of a situation and has potentially severe consequences. Black swan events are characterized by their extreme rarity, their severe impact, and the widespread insistence they were obvious in hindsight.

Pandemics are predictable.  Hippocrates recorded the first epidemic in 412 BC.  The first recorded pandemic was in  1580 and since then there has been many more.

T4 days.

2. Enhance your risk management

    • Good hygixx elbow or in a tissue – dispose of tissues immediately and wash your hands.
    • Wear dispxx of used gloves and other disposable items.

3. Be prepared

    • Coroxxngs (shopping centres).

4. Monitor

    • Don’t xfox safety practices.

7. Reinvent your business

    • the opportunity to define a new way forward that will allow us to be better off in the end:

 

How we can help

InConsult is committed to helping organisations become more resilient to a range of disruptions including pandemics.  We have extensive experience in risk management, crisis management, business continuity, emergency management, disaster management and pandemic planning.

If you feel the coronavirus may have an adverse impact on your business and would like to discuss strategies to be better prepared and respond, contact us  to discuss your needs.