The Human Crises: Lessons Learned and Preparing Ahead
1. Braving Fears From COVID19 – Part 1
The Coronavirus event has not only threatened lives but it has put economies falling. With the lockdowns and ECQs, the economic standstill could only mean business losses. It has triggered a chain reaction that has been deadly to our highly connected global village. This can be the worst nightmare for any family business. While worried for the family’s health and well-being, a business leader is confronted like, never before, with the welfare of his employees, the business organization, and the legacy built over time. These are daunting times that can bring any entrepreneur to his knees. Let’s hear out a family business’ story of courage, faith and hope.
https://www.premierfamilybusiness.com/a-family-business-braving-fears-from-covid-19/
2. Beyond Coronavirus: The Road Ahead for the Automotive Aftermarket
Within the automotive sector, COVID-19 is a massive, once-in-a-lifetime disruption, and the situation is changing rapidly. To gain more clarity about the pandemic’s potential impact on the light-vehicle aftermarket—encompassing parts, accessories, and tire sales—we reviewed both past and current trends. First, we looked at previous crises to quantify how demand, revenue, and other aftermarket performance indicators typically change during a downturn. We then considered the current global health crisis and created scenarios showing how the aftermarket might evolve this year, as the pandemic abates, and over the longer term, as we enter the “next normal.”
https://www.mckinsey.com/industries/automotive-and-assembly/our-insights/beyond-coronavirus-the-road-ahead-for-the-automotive-aftermarket
3. Good Leadership is about Communicating “Why”
In an ongoing crisis, clear communication is more important and more difficult than when things seem normal. Employees and customers are hungry for information, so we’re tempted to pull together presentations and communicate with urgency instead of with careful planning. But if we present without addressing our audience’s core questions of what, how, and why, we’ll sow more confusion than we bring clarity.
https://hbr.org/2020/05/good-leadership-is-about-communicating-why
