How to Come Out on the Other Side
September 17, 2020 @ 9:30 am - 12:00 pm
Crisis situations magnify organizational challenges – illuminating both known and unknown threats. In the midst of the COVID-19 pandemic, small and medium size businesses are crumbling and many do not have a business continuity strategy.
Data suggest small businesses will experience the greatest business impacts, with millions closing permanently. The devastating impact on revenues, unemployment, and the disruption it has on the supply chain ecosystem has a ripple effect on the customers small businesses serve.
While grants and other funding sources are critical for small businesses currently, they will not yield long-term business viability.
- What resources are available to help small businesses to be better prepared for the next major disruption?
- How are small businesses identifying known and unknown threats to strengthen risk mitigation efforts?
- How are small businesses leveraging the lessons learned from COVID-19 to build sound business continuity and crisis management strategies?
Business owners will design a business continuity program, to include:
- Identify the capabilities businesses need to manage an uncontrolled loss
- Define the essential functions critical to the success of the organization
- Determine how to measure business preparedness for your vendors/suppliers
- Recognize the constraints to recovery and build a strategy to move the organization forward
- Establish quantitative and qualitative impacts to your essential functions, and develop a plan to keep the business afloat