Tag: crisis management

Having a backup plan is a given not a nice-to-have. Whether you are automatically archiving historical client data or testing a new cybersecurity strategy, backup planning helps to keep the business running smoothly. However, simply being prepared is not enough – your business must be resilient.

Impacts vary, but in many cases, ransomware disrupts businesses for significant periods or even forces them to suspend operations or close. A growing population of highly capable cyber extortionists is developing a new means to counter defences and increase the level of disruption they can inflict constantly.

Businesses in South Africa experienced major losses in July from physical damage, business interruption, and loss of revenue, looting, vandalism caused by civil commotion, protests and riots which resulted in about $3.4 billion in lost output and placed 150,000 jobs at risk.

This is a second book from business growth expert, Pavlo Phitidis, who draws on extensive experience across a wide range of industries, founder of multiple businesses, investor, speaker and a respected commentator on entrepreneurial and business growth and innovation.

Sometimes things do go wrong - this is a reality of business and life. How one responds to an issue or how one resolves an embarrassment, determines how your business and personal reputation is scarred or strengthened in a time of crisis.

How companies treat their people during the COVID-19 pandemic will define the type of employer they are. And how they adjust their human capital management strategies in response to the pandemic will impact employee loyalty, motivation, and satisfaction, which in turn impacts customer satisfaction.

COVID-19 has turned into a global crisis, evolving at unprecedented speed and scale. Experts don’t know how long it will take to contain the virus so businesses are challenged with not only preparing for the short-term, but also developing new capabilities and ways of working that will seamlessly enable longer-term changes to how they operate.

In the past few years, so many scandals have rocked corporate South Africa that crises seem to be the norm rather than the exception. In the glare of the public eye, with cameras, microphones and cellphones in their face, many leaders who excel in organisations suddenly become scared, confused and can even appear shady.

Read our exclusive cover story titled COVID-19 | HOW TO SURVIVE FROM CRISIS TO CONTINUITY? by Michael Davies, CEO, ContinuitySA, as well a host of other topical management articles written by professionals, consultants and academics in the April/May 2020 edition of BusinessBrief.

South Africa’s President Cyril Ramaphosa has declared a national state of disaster amid the COVID-19 virus outbreak. While many areas of life are being impacted as the virus spreads, it also presents challenges for many business owners.