“To Vaccinate OR Not to Vaccinate”
Sponsored Article by KBA Training
Over the last 24 months the ‘world of business’ was affected in ways that many individuals cannot remember any similar event. When the world authorities initially reacted to the COVID19 pandemic with global actions taken, it was not clear what would affect everyone more – the Virus or failure of the global business environment. We may never know! While statistics on rates of infection are clearly published, and deaths due to COVID-19 and its variants, what is not mentioned is the disruption on the business community – job losses, businesses closure, supply chain failures, families and communities living in separation, lives completely changed, suicides, emotional health impact etc.
Corporate Vaccinations
‘Corporate Vaccine’ is an ‘Organisation’s Emergency Response and Contingency Plan’ and should be made up of many components and ways to implement, that should also include the actual and potential threats to the organisation.
Prior to January 2020, many organisations would have had in place various emergency and contingency plans and procedures, some would have conducted regular drills, to ensure that in an emergency, the correct response could be initiated and established, subsequently preventing the potential damage to the organisation in the event of the emergency.
Just like vaccines, there will be several options and mechanisms that can establish a ‘corporate vaccine’. It will possibly take more than ‘one dose’ to ensure any potential emergency effect is reduced to a manageable condition. Corporate Vaccines protect the supply chain, similar to individuals who are protected by vaccines. When an organisation fails to have a sufficient response to a crisis and emergency scenario, the result not only affects that organisation but the downstream that it provides its services to. The domino effect of the emergency services, buyers, sellers, community, and industry that relies on the organisation are all compromised and can often lead to many more casualties of business, the community, industry and economy.
For a ‘corporate vaccine’ to be successful it will require all businesses within your industry and supply chain to ensure that it has in place, a robust and diverse strategy for all known and potential threats, be agile enough to be able to change quickly to avert dynamic threats and finally, the ‘corporate vaccine’ must be tested.
Across the broad range of business types, the differences within the ‘corporate vaccines’ being present, implemented and tested would be huge and in many cases nonexistent. The ‘mindset of corporate vaccination’ consists of many components and several mechanisms for its implementation. It will not be a ‘one glove fits all’. However, it is paramount for an organisation regardless of size to have a suitable ‘corporate vaccination’ in place, taking your business to new opportunities and success during and after an emergency.
Two years into one of, if not the most damaging emergencies/crisis the business community will experience in our lifetime, what have you now prepared in your organisation?
IS YOUR ‘CORPORATE VACCINATION’ IN PLACE – ARE YOU PREPARED!
Author: Darren Brunton, Managing Director, KBA Training Centre Pte Ltd
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