Business management during the pandemic is one of the most studied issues today, due to its impact on society.
The Deloitte firm, specialized in auditing and consulting, offers ten measures that companies must comply with to minimize the damage that may arise in these months of health and economic crisis:
Forming emergency decision-making teams: This company gambling data vietnam highlights that it is essential to have this group in any organization. Their tasks include assessing the company's strengths and weaknesses, establishing a strategy and setting the objectives of the emergency plan.
Assess risks and establish emergency response mechanisms: “contingency plans” or “business sustainability plans” gain power in emergencies. Risk assessment is another important factor for a more effective response.
Establish mechanisms for communicating positive information between employees, clients and suppliers, as well as creating standard communication documents: fluid communication would avoid a possible negative public opinion.
Maintaining the physical and mental well-being of employees: According to a survey conducted by the company itself, flexible working is one of the most important aspects in employee management. In addition to ensuring vacation and flexible working arrangements, employee health must also be monitored, as well as ensuring hygiene and safety in the workplace.
Focus on response plans for risks generated in the supply chain: “Companies usually have sufficient raw materials and different channels for acquiring them so that they do not have to stop production or resume it as soon as the quarantine period is over.”
Develop solutions to address risks of non-compliance or maintenance of certain commitments with clients: when certain production processes cannot be resumed, it is vital to work closely with clients.
Investing in social responsibility and sustainable development strategies: transparency in the publication of information, as well as the adoption of measures that benefit the environment, are also relevant in this pandemic.
Develop a plan for managing employee data, information security and privacy: this aspect is on the agenda, given the risk of cyberattacks.
It is important to consider the possibility of adjusting budgets and execution plans: “we advise companies to pay particular attention to cash flow, to ensure the security of funds, in line with the pace of suppliers and the work plans of employees.”
Update the company's risk management mechanisms: To avoid suffering different types of crises, companies must establish or strengthen their risk management systems.
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