To manage the business curve of COVID-19, start by understanding the three phases of this crisis: Panic and Disruption, Fear and Isolation, and Recovery and the New Normal.
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Interesting article laying out 3 phases your employees are going to experience during the Corona Virus Crisis. Are we still in the phase of panic and disruption? Or have we moved yet to Fear and Isolation?
My perception of speaking with almost 500 Vistage CEOs in my webinars on Managing Remotely in a Crisis over the past 3 weeks is that most companies are way behind the 8 ball in moving forward. There is panic, desperation, confusion, and uncertainity. Many CEOs are paralyzed by what is happening and have not yet laid out a plan to their workforce for the next 3-6 months.
How do we use these phases to engage our employees, and quickly return to an effective and productive organization that continues to build and strengthen their culture?