Change is a constant in business. But when faced with exceptional events, leaders need to take a hard look at their tools, systems, processes and—most important—strategies.
Steering a company during uncertain times requires an analytical approach with an emphasis on visibility, control and agility.
You need visibility into cash flow, receivables, projects, inventory and operational risks. You need prudent advice, a list of potential sources of capital and a single-minded forward-focus. With so many critical decisions to make, you need the right numbers, and you need them right now.
Not all businesses are affected equally. In this guide, we’ll lay out a framework for leaders whose companies are viable but who recognize that they must substantially change their approach to remain as healthy as possible.
For those businesses, we recommend examining three questions: