"Never let a good crisis go to waste" has been attributed to Winston Churchill in reference to the conditions post the Second World War that allowed for the formation of the United Nations. There is some doubt as to whether he actually used those words but it certainly sounds like something he would say. It of course refers to the peculiar environment that surrounds people in the midst of a crisis where somehow all paradigms seem up for debate and rules are to be questioned.
Sion Lewis, VP EMEA at LogMeIn, explores working habits in the middle of a global pandemic.
UK SMEs were owed more than £34bn in late payments, equating to an average debt owed of £34,286 per business. And that was before the coronavirus outbreak. We examined cash flow coping strategies for SMEs during times of crisis in an exclusive webinar. Here are the highlights.
During times of crisis, how can businesses continue to sell their goods and services at a decent rate? What strategy changes should they make?
Steering an organisation through its worst days is the acid test of leadership. A failure to say or do the right things during a crisis can result in significant damage.
Christmas is a time for cheer – not least of all for storefronts, which face the busiest time in December, though this can lead to a retail crisis this month.
It’s safe to say Tesco Bank has had better weekends. The UK saw it dominating Monday’s headlines for all the wrong reasons as it emerged it had frozen all online transactions following hackers attacking 40,000 customer accounts – and proves an amazing example of how to keep your customers when crisis strikes.
It's my 25th year in business, a quarter of a century, just over half my life, and almost all my working life. To say there has been the odd crisis would be a monumental understatement. Frankly, sometimes I have felt I have lurched from one crisis to another. But still I have survived.
The search for MH370 continues, with possible debris spotted in the water, but with factual information either patchy or non-existent.
Alain Bloch of HEC Paris has found that the stability of the management team constitutes a key element of being resilient in times of economic downturn.
A crisis can come in many different shades and shapes. From an offhand comment in amedia interview which puts you in the middle of a “Twitter storm”, to a product recall, it is something most senior management teams are likely to face at some point.
Flooding cost the UK economy around £600m in 2012 – with property damage alone costing up to £277m – according to figures published by the Environment Agency today.