A large number of businesses will simply not survive this. Numbers have shown that a great many of them have already succumbed. The U.S. economy lost a staggering 20.5 million jobs in April of 2020, pushing the unemployment rate to 14.7% according to data released by the U.S. Bureau of Labor Statistics; 3.2 million more people will file for unemployment, bringing the resulting unemployment total from the coronavirus crisis to over 33 million.
If you are a business owner or a leader within your organization and have gotten past this initial overview, then I am sure by now, you are looking for some solutions. I wish I could tell you that I had a silver bullet to the many serious issues that we are facing as businesspeople; unfortunately, I do not. What I do have is some strategic insight into how you can keep your organization moving in a positive direction throughout a period of crisis. With a little insight and a lot of thoughtful, proactive application, your business will survive and be able to look back on this time as a turning point in the way you viewed organizational strategy and development.
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