Facing Corona Virus, Here are 4 Steps that Need to be Done by All Companies

TRIBUNBATAM.id - The outbreak of the Corona virus since early 2020 had a significant impact on the global economy.

In fact, after being officially declared as a pandemic by the World Health Organization (WHO), the Corona virus is increasingly pressing economic conditions in various sectors.

Various companies ranging from manufacturing to tourism have begun to feel the loss caused by the spread of this virus. 

Responding to this, the results of research McKinsey & Company said, there are 4 steps that companies need to take to deal with the corona virus epidemic. 

1. Protect employees

The company can no longer run business as usual at this time. The outbreak of the corona virus makes the company needs to make some adjustments with the main focus on protecting employees.

At present, many companies have issued special policies to deal with the Corona virus. 

2. Form a corona virus response team

McKinsey & Company advised the company to form a response team to deal with the corona virus. This team can be formed with various objectives, depending on the needs of the company.

The 4 outputs from the suggested response team are, checking employee health, finance, supply of goods, and marketing of the company. 

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3. Review the company's financial targets

The company's financial performance is projected to experience many challenges in dealing with the corona virus. Therefore, companies are considered to need to review financial targets.

The assessment needs to be done by taking into account various scenarios of the Corona virus outbreak. 

4. Stabilize the supply

Demand for some products is increasing, due to hampered global supply. Therefore, companies need to ensure that the supply of goods has been met.