A Framework for Responding to COVID-19
Andrew Hone’s company has developed a 6-week program which takes businesses through each step of our three-stage framework for responding to COVID-19.
COVID-19 represents a formidable challenge to businesses of all sizes. Necessary policy responses have caused significant disruption to the global economy, with simultaneous demand, supply and financial shocks. Most businesses are experiencing a sharp decline in near-term revenue, requiring actions to mitigate the impact on cash flows and potentially to secure additional funding.
Based on our own experiences with clients on turnaround and performance improvement programs, we have developed a strategic framework to assist businesses in working through their response to COVID-19. There are three key elements to this framework:
- Ensuring immediate business continuity
- Securing the near-term financial viability of the business
- Positioning the business for medium-term strategic opportunities
Read the full article, Responding to COVID-19, on Zenith Strategy Associates’ website.