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Fri 20 Mar 2020 01:16 AM

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Business plan: How to get through a crisis like coronavirus

There are three important ways to get through the coronavirus and emerge from this stronger and more resilient than ever, writes Reda Raad

Business plan: How to get through a crisis like coronavirus

Reda Raad, chief executive of communications firm TBWA\RAAD.

Just a few short months ago the year ahead looked promising and prosperous. Now the talk is of mere survival. The sheer scale of the unfolding crisis has led to panic and paralysis on a global scale, but there are ways to combat the spread of fear and instability.

Firstly, leadership. Emergencies place a huge strain on company leaders, both physically and mentally, and nothing will have prepared them for this. The old belief is that company directors should lead from the front, the key word here is visibility. By that I mean visible decisiveness, leadership, and a clear commitment to the strategies being put in place.

If a company has divided its organization in two, asking half of its employees to work from home and half to continue working at the office, the company’s executives must do both, not stick to whichever they prefer.

Then there’s calming effects of reassurance and resolute action. When Sheikh Mohammed bin Zayed Al Nahyan, the Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE, said the three words “La tshiloon hem” (Do not worry) he delivered the type of leadership we should all aspire to. It was calm, confident, decisive.

Communicate

Secondly, companies need to communicate at a previously unprecedented level. Not to the extent that information is being ignored or dismissed, but regularly and concisely enough to build confidence, to calm and assure, and to relieve any doubts that may exist amongst both employees and clients. Communicate, communicate, communicate. I simply can’t stress that enough. The health of your employees and of your company depend on it.

And if there was ever a time for brands to make good on their claims of social responsibility, or to give substance to all that talk of purpose, it’s now. For years brands have been telling us they can help address society’s ills, help solve challenging global issues, and contribute to the building of a safer, fairer and better world. Well, now’s the time for action. Put profit and the eternal quest for growth to one side and provide help to those in need.

Put the considerable power at your disposal to good use and think of the wider community. After all, how often is a brand given the opportunity to add real substance to its words.

Help others

Ask yourselves, how can we help? How can we do our bit? How can we repurpose what it is that we do and contribute the fight against Covid-19? There are examples of such behaviour already. Hotels across the world have offered rooms to medical staff, providing extra capacity to struggling health services, despite their own plummeting finances. For advertising agencies, whose knowledge and expertise centres on communication, ask, too, how you can provide concise, life-saving information at the right place and the right time.

Finally, it may sound obvious, but remain cool. Panic is contagious and unpleasant but it will pass. In its place will come acceptance and, ultimately, recovery. That’s what brands should navigate towards. Recovery. Don’t use any current instability or uncertainty as an excuse to spring clean or to jettison the unloved. How many times have you said your greatest asset is your employees? Don’t forget that now. Not when they need you the most. In time this too will pass and those companies that have remained loyal to their staff will emerge stronger.

This is an opportunity for us to strengthen our bonds as people, as communities, as societies. It’s a test, not only of an organisation’s culture and fortitude, but of us as human beings. Of us as a civilisation. And I firmly believe that, together, we can emerge from this stronger and more resilient than ever.

Reda Raad, chief executive of communications firm TBWA\RAAD

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