COVID-19 clearly qualifies as one of those. The interruptions and profit warnings mount: an S&P 500 correction, single-digit hotel occupancy rates in Hong Kong, plunge in oil prices and market value hits to strong companies. Those rank among the countless COVID- 19-related headlines.
We agree with the most successful business leaders that the effective way to respond to the crisis is to be part of the overall solution, to act quickly in the short term and to make some big changes to help advance and benefit from the rebound.
Effective leaders are taking steps to:
Establish Rapid-Response Rooms for this crisis. These high-level benches of strength are armed with the power to make decisions quickly, especially when it comes to safeguarding people and core operations and preparing for the rebound.
This story is from the July 2020 edition of SME Magazine Singapore.
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This story is from the July 2020 edition of SME Magazine Singapore.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Sign In
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