COVID-19 BCG Perspectives - facts, scenarious and actions for leaders

By: Teodora Jilkova
Created: 28 May 2020 - 11:05
Updated: 28 May 2020 - 01:05

With many countries entering the 'Fight' phase, business leaders must move from crisis response to performance transformation. By definition, transformations are holistic and cover the entire company; managing cash and liquidity and driving cost take-out are imperative.

Boston Consulting Group (BCG) Prespectives, published on 6th May, aim:

COVID-19 is a global societal crisis

We at BCG believe that the COVID-19 outbreak is first and foremost a societal crisis, threatening lives and the wellbeing of our global community. Society now, more than ever, needs to collaborate to protect people's lives and health, manage mid- term implications, and search for lasting solutions.

Leaders need to drive an integrated response to navigate the crisis

It is the duty of health, political, societal, and business leaders to navigate through this crisis. A complex interplay of epidemic progression, medical response, government action, sector impact, and company action is playing out. This document intends to help leaders find answers and shape opinions to navigate the crisis in their own environments. It encourages thinking across the multiple time horizons over which we see the crisis manifesting itself.

BCG-COVID-19-BCG-Perspectives-Version6-1.pdf