Creating Value During Adverse Conditions with a Robust Plan
Suminda Jayasundera | November 17, 2023
In today’s dynamic business landscape, companies face a complex challenge which can disrupt operations and impact organizational value. Adverse conditions such as natural disasters, economic downturns, political instability, cybersecurity-related incidents, or global pandemics can significantly affect a company’s ability to generate revenue, meet customer demand, and maintain business continuity. As evidence shows, during the early stage of the pandemic, many businesses faced the daunting task of navigating uncharted waters with uncertainty of the future. However, some companies successfully navigated adverse conditions by embracing key characteristics like adaptability, ethical leadership, innovation, strategic planning, and a commitment to long-term organizational value. These…
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In today's digital age, businesses face many uncertainties and risks threatening their reputation, operations, and survival. The challenges vary, from...