Strengthening business family relationships in time of Covid-19
Family businesses have traditionally been the slowest to transform, but this experience should help them shed their reluctance towards change and keep up with the times.
Family businesses have traditionally been the slowest to transform, but this experience should help them shed their reluctance towards change and keep up with the times.
Maintaining cash balances that allow you to survive many months of significantly lower revenues and perhaps no profits will be the key to survival.
Like corporates, each government department should have business continuity plans and enable them using technology.
As businesses plan to resume operations post the lockdown, resurrecting supply chains and making them more resilient will be the biggest challenge for organisations.