COVID 19 has in a very short time changed the way we do business and think about risk, resilience, and disaster planning.
The COVID-19 Pandemic caught many businesses by surprise. We were ill-prepared and left scrambling to adapt our business model, processes, and maintain liquidity to survive. The lessons learned remind us that risk management thinking cannot be forgotten. In this course, you will learn 5 such lessons that you should incorporate into your disaster recovery plans for the next crisis. We may not know for certain when the next crisis will hit us, but we do know for certain it will.
Field of Study: Business Management & Organization
2 activities • 1 videos • duration: 1h 3m
CPA, CA Leadership
Blair is a seven-time CFO, a director, and an educator at Executive Finance Partners - a professional development and executive coaching firm for financial professionals and executives. He also serves as a corporate director and audit committee chair of publicly listed companies: Terravest Industries and Clarke Inc. He is also the Board Treasurer of the Devour Food & Film Festival and serves on various committees of CPA Nova Scotia. Blair is the author of The Illiterate Executive: An Executive’s Handbook for Mastering Financial Acumen.
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Decent overview of the main issues companies experienced navigating through Covid. We all lived it, his course is a reminder of how to prepare for it if it happened again. Crucial part of a Disaster Recovery Plan
This video was made early in the pandemic and many of the comments predicted what might happen very accurately. Our small firm stayed open with 2 employees working from home but productivity diminished and 1 employee wanted to come back to work and the other left for another job. I own and manage two other businesses but diversification and my ability to use gov't programs helped us get through mostly unscathed but the mental toll was terrible with depression, anxiety and owner beliefs caused rifts amongst fellow owners that may never be repaired.
