BCG developed Rapid Crisis Response Checklist to provide businesses with guidance on how to successfully deal with the challenges and opportunities brought about by the COVID-19 pandemic

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COVID-19 Rapid Crisis Response Checklist

Rapid Crisis Response Checklist – BCG developed Rapid Crisis Response Checklist to provide businesses with guidance on how to successfully deal with the challenges and opportunities brought about by the COVID-19 pandemic

Summary:

  • Rapid Crisis Response Checklist – Boston Consulting Group created a comprehensive checklist covering a broad range of focus areas to help businesses identify the list of actions to take for ensuring a rapid and efficient response to the Coronavirus crisis
  • Team Health and Safety – Ensure that employees remain safe and healthy by reducing risk of transmission, supporting affected members, boosting team morale, and complying with regulations
  • Business Strength – Protect the business by preserving top line, maintaining close relationships with customers, reinforcing ability to supply, reallocating resource according to business needs, monitoring external environment, and preparing for bounce back and future growth
  • Financial Resilience – Keep business in good standing by effectively managing cash and liquidity, observing cost discipline, adapting financial plans, and stress testing scenario plans
  • Execution Clarity – Implemented a well-coordinated disaster response plan, engage the entire organization, empower employees, and lead with purpose
To access the comprehensive checklist developed by BCG, go to: https://image-src.bcg.com/Images/COVID-19RapidResponseChecklistv20200323_tcm30-241451.pdf
Company: Boston Consulting Group (BCG)

Original publication date: March 23, 2020

Date last updated: April 7, 2020