Are You Ready for What Lies Just Around the Corner?
When a business is under pressure, its leaders’ actions are subject to heightened scrutiny. The iQ 360 Risk Management Toolkit helps businesses navigate an economic downturn.
Looming Challenges and Setbacks
Revenue declines
Budget cuts
Staff reductions
Strategic realignment
Customer defections
Competitive vulnerability
Shareholder lawsuits
Labor disputes
Setbacks in ESG and diversity, equity and inclusion initiatives
Avoid Chaos and Rushed Decisions
An economic downturn could force layoffs, diminished benefits, production cutbacks, slower customer response times, reduced charitable giving, tight-fisted treatment of suppliers and other painful measures. The positioning of these undertakings and the plan for communicating them throughout the process should be established now, in advance, to avoid chaos and rushed decisions. This will allow companies to act swiftly, if necessary, with risk and resiliency thoughtfully balanced to protect the company’s reputation, culture and workforce loyalty.
iQ 360 Risk Management Toolkit
Prepare yourself and your team to address recession challenges before it’s too late. Our toolkit of services includes:
Business risk identification and analysis
Scenario planning
Change communication skills workshops and/or individual coaching for people managers
“Pivot planning” to identify and seize new opportunities through a downturn
Change communication playbooks
Purpose-driven mission statement development to maintain organizational alignment and engagement
“It takes 20 years to build a reputation and five minutes to ruin it.”
Warren Buffet
Protect Yourself Today
Are you ready for what lies just around the corner? Contact our team to fortify your business’ future.
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