Preparing to Survive the Next Business Crisis

LOS ANGELES - June 3, 2020 - PRLog -- PREPARING TO SURVIVE THE NEXT BUSINESS CRISIS

Congratulations! The good news is that your business has survived the Pandemic Crisis. The bad news is that there will be another crisis, probably sooner than you might expect.

The corvid-19 Pandemic is called a "Black Swan Event." Black Swan Events are supposed to be rare events, typically occurring occur every hundred years or so:

·       2020: The Covid-91 Pandemic
·       2008-9 The Great Recession
·       2001 The attack on the World Trade Center
·       1999-2000 The "Dot. Com" Bust

Organizations have different degrees of risk associated with the stresses of so-called Black Swan events.  We have developed a research-based validated method of measuring that degree of risk.

Organizational Health and Sustainability Assessment

Our firm, Management Systems, has been conducting a long-term research study of Organizational Health and Sustainability and identified the key factors that lead to either a business success or collapse.

What Should You Do to Prepare to Survive the Next Business Crises?

For those who would like to take action to prepare to survive the next business crises, we recommend the following action steps:

1. Do an assessment of your organization's health and sustainability by completing our proprietary research-validated "Symptoms of Organizational Distress Questionnaire" via on-line link. We are offering to let you complete this questionnaire at no cost:

a.     Contact us and we will provide you with an online link, process the questionnaire, prepare an Executive Summary Report on your "Distress score" and your related level of risk as indicated by that score--all on a complementary basis.

b.     You should then complete steps 2-4 below:

2)     Based on your score and the related level of risk, you should develop a plan for reducing your organization's level of risk.

a.      Ideally your score should be in the "yellow" or "green" zones.
b.     Set specific-measurable goals for reducing your "Distress score."

3)     Initiate action steps based on your plan.

4)     After a defined period, (six months to one year), re-administer the "Symptoms of Organizational Distress Questionnaire" to assess your progress in reducing your "Distress score" and decreasing your related level of risk.[2]

For information about our firm's program to assess and reduce your "Symptoms of Organizational Distress" score, contact Laurie Flamholtz, Communications Director, Management Systems at LF@mgtsystems.com.

[2] Please note that there will be a fee for the re-administration of these questionnaires, but not for the initial administration.