Friday, November 27, 2020
Home Business "War Room" Set Up May Help Businesses Sail Through Coronavirus Crisis: Experts

“War Room” Set Up May Help Businesses Sail Through Coronavirus Crisis: Experts

While employees work from home, it is important to set clear rules for them for getting maximum productivity

As businesses across the world find themselves in the midst of complex challenges due to the COVID-19 pandemic, experts suggest that having a robust strategy, including a “war room”, set up in which a small dedicated team is empowered to take quick decisions and execute them, may help businesses sail through the crisis.

As the situation is changing every day in every region affected by the pandemic, business leaders should resist from overreacting, said three senior executives associated with the Boston Consulting Group. Writing for the Harvard Business Review, the authors said that relying only on news reports can sometimes lead to wrong decisions as these reports often rely on current situations and tend to miss the big picture.

Further, business leaders should not be afraid to change their decision if the situation demands so, according to the authors of the article Martin Reeves, Nikolaus Lang, and Philipp Carlsson-Szlezak. It is important to remember that these are extraordinary times and business leaders may sometimes need to change their decisions.

Please Follow NewsGram on Twitter To Get Latest Updates From Around The World!

At the same time, they should be transparent with employees about the situation in their organisation, the response should be balanced across communications, employee needs, travel, remote work, supply chain stabilisation, and business tracking and forecasting.

Coronavirus
As businesses across the world find themselves in the midst of complex challenges due to the COVID-19 pandemic, experts suggest that having a robust strategy, including a “war room”, set up in which a small dedicated team is empowered to take quick decisions and execute them, may help businesses sail through the crisis. Pixabay

It is important to have constant updates about the situation and do their own analysis. They should decide for themselves if the forecasts made by experts are actually relevant for their business as well and take decisions after considering all the factors.

While employees work from home, it is important to set clear rules for them for getting maximum productivity. Having an empowered small group within the organisation may help them cut through delays due to bureaucracy and take quick actions.

ALSO READ: IBM Offers Agritech Start-Ups To Boost Up Agricultural Production in India

Most importantly, business leaders should take this crisis as a learning opportunity for any possible future phases of the crisis or for pandemics that may occur in the years to come.

Over 1.4 million people have been infected by COVID-19, while more than 80,000 have already died. (IANS)

STAY CONNECTED

19,120FansLike
362FollowersFollow
1,780FollowersFollow

Most Popular

Doctors Suggest Flu Shots For Children & Vaccination For Adults

This year has been a double whammy. These earlier diseases are still prevalent and we have COVID added to the disease spectrum and has...

Early Birth Associated With Risks of Hospital Visit Throughout Childhood

Researchers have found that being born early is associated with a higher risk of hospital admission throughout childhood than being born at full term. Existing...

SpaceX Launches 60 More Starlink Satellites

Elon Musk-run SpaceX on Wednesday launched another successful mission carrying 60 more Starlink satellites on board a Falcon 9 rocket into low-Earth orbit that...

Space Travel Makes Cell’s Energy Production Dysfunctional

Critical parts of a cell's energy production machinery, the mitochondria, can be made dysfunctional due to space travel, says a study. The results, published in...

IT Ministry And IBM Tie Up For Education and Skilling of Youth

IBM India on Thursday said it has collaborated with the Union Ministry of Electronics and Information Technology (MeitY) to create a robust education and...

Huge Plans of Renewable Energy in Next Decade For India: PM Modi

Prime Minister Narendra Modi on Thursday announced that there are huge renewable energy deployment plans for India for the next decade which are likely...

Most Lungs Recover Well In 3 Months After Covid19: Study

Researchers have revealed that lung tissue of patients who suffered severely from Covid-19 shows good recovery in three months in most cases. The study...

A New Gene Therapy To Offer One-Day Treatment For An Eye Disease

Researchers have developed a new gene therapy approach that offers one-day treatment for an eye disease that leads to a progressive loss of vision...

Recent Comments