Risk Management for Covid-19
The COVID-19 situation is requiring a significant amount of collaboration, analysis, problem solving and responsiveness at a domestic and international level given the constantly unfolding situation. This approach is exactly the approach that needs to be adopted by business as well. The purpose of risk management and business continuity planning is to identify potential business risks and prepare the business to cope with those risks in a way that aims to protect its long term viability.
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Crisis Management Planning to navigate Covid-19
As the Covid-19 crisis continues, it’s becoming increasingly clear that the challenges for privately owned business are going to last longer, and cut deeper, than anyone anticipated.
Covid-19 I Privately owned business
The economic impact of Covid-19 has affected all businesses regardless of which sector they are in. It is clear that this pandemic has detrimental effects on cash flow and requires businesses to take immediate action; others are at a stage where it is essential to adopt contingency plans for a economic downturn. With ongoing support and advice from the Mazars Consulting team, we will help you mitigate effects of this crisis. Below are two approaches to help you manage your business through this crisis.