crisis

Crisis Management Can Sharpen Your Decision Making

The Covid-19 pandemic stoked crisis management challenges for businesses, but opportunities also emerged.




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“The greater and more disruptive the crisis, the greater the opportunities,” said Scott Galloway,  author of “Post Corona: From Crisis to Opportunity.”

A serial entrepreneur who founded nine firms including consulting firm L2, Galloway is also a professor at New York University’s Stern School of Business.

Galloway emphasizes it’s essential to understand where a company is on the strategic spectrum of the pandemic. “The right moves for the biggest elephant in the herd are not the smart play for a sickly gazelle,” he said. Which sector a business is in is a factor, too. Some sectors are thriving, others are maintaining or struggling.

Focus your time and money on crisis management concepts now. And your efforts will serve you in the post-pandemic world.

Think Change When In Crisis Management

Patience is a virtue

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New York firm helps small businesses emerge from the COVID-19 crisis

Jessica Larios’s baby arrived a few weeks before her due date at the end of February.

The owner of Bella’s Event Inc — an event planning business in Yonkers, NY, specializing in rentals and sales of all things party related from wedding gowns to Quinceanera dresses, table linens and party supplies — Larios could not afford to take any time off during one of the busiest months for bookings.

In a haze of feedings and caring for the baby, Larios plowed through her work. Less than a month later, things ground to a halt as the coronavirus pandemic took hold in the state — and phone calls with cancellations started pouring in.

Jessica Larios, owner of Bella’s Events, which specializes in rentals and sales of anything party related, holds a Quinceanera dress at the shop in Yonkers May 28, 2020. The Acceleration Project, a Scarsdale nonprofit consulting firm that is

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African solutions to the coronavirus crisis

The African continent hasn’t been as badly impacted by the coronavirus pandemic as other countries in the world so far, but new cases are on the rise and governments have introduced social distancing measures.

And while the pandemic is bad for business, some African entrepreneurs have stepped up to be part of the solution and are seeing new opportunities.

Frequent and thorough washing of hands with soap and warm water is one of the most effective ways of preventing the spread of infectious diseases.

But according to Water Aid, four in 10 people around the world have no access to basic hand washing facilities.

One of the ways in which the coronavirus is spread is via contaminated surfaces. Getting into the habit of regular hand washing can prevent infections, but the virus can still spread as people tend to touch the tap and other things around them.

In a city

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Central Europe’s business services firms spy a chance in crisis

By Michael Kahn, Anna Koper and Alan Charlish

PRAGUE/WARSAW (Reuters) – As the COVID-19 pandemic wipes out jobs and empties offices across the world, companies in Central Europe that provide remote, lower-cost services for multinationals are emerging as winners in the new business order.

From Prague and Warsaw to Bucharest, these firms have long provided outsourced or offshored business services such as software development, administration, payroll handling and research for big European and American customers. Now they are bucking the global trend by expanding and hiring.

“In a time of crisis, more business is shifting here,” said Roman Pavlousek, who runs a finance service centre for global industrial manufacturer Atlas Copco in the Czech city of Brno. “This is happening.”

Indeed, more than 90% of business services companies in the Czech Republic have continued to recruit during the pandemic, with 12% winning extra work from the Asia-Pacific region, according to

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