Heidrick & Struggles: Boards And The Covid-19 Crisis: Leading Right Now, Preparing For The Future
A crisis of the magnitude of the COVID-19 pandemic acts like a magnifying glass when it comes to the strengths and vulnerabilities of all businesses. The most immediate focal point is how companies respond to this unprecedented disruption: how they treat their employees, suppliers, and wider communities.
Over the long run, boards and leadership teams will also have to focus on getting back to growth. As they look forward, boards, working with their leadership teams, should consider four key areas:
- The role of purpose and authenticity
- How to make the most of the sudden shift to entirely virtual ways of working
- The value of extraordinary collaborations
- Their own membership
Boards that are thoughtful in these areas will be best positioned to help their companies thrive now and after the immediate crisis passes.
Alice Breeden and Bonnie W. Gwin consultants from Heidrick & Struggles published new insights