Most of the businesses are not ready to deal with the global pandemic situation as such COVID 19. CFOs are the front-runners to handle declining economic events and cash flow shortages due to any uncertainties caused by global/regional pandemics and/or disasters. CFOs need a quick perspective to deal with such crises. While disaster/pandemics, CFOs response plan must entail a humanitarian outlook for the welfare of the organization, employees and shareholders. Let us learn from the current opportunities to ensure business continuity to the further as per the CFO study by Gartner.
Advice from Most CFO’s approach in retorting COVID 19 & similar uncertainties.
Business Operations Management
- It’s crucial to provide the essential support required for the employees to manage the challenging times.
- Explore innovative solutions to keep the business running.
- Stay connected with the leadership team frequently to monitor situations and issue business guidance every day.
- Pandemic is not covered under most Insurance. Revisit how you are covered in the future after the situation is settled.
- Educate employees to integrate best applications into use for boosting remote work productivity.
- Reinforce & preserve employee safety and health by reducing shorter shifts with fewer people to reduce infection.
- Devise remote work norms to support employees balance the family & home-schooling requirements to improve employee productivity.
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