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COVID-19 Black Swan

By Brie DeLisi Many companies are finding themselves making unexpected difficult decisions around their state of business and employee safety. Do I continue operations and potentially expose my employees to COVID-19? Do I shut down operations and risk going out of business? What other options do I have? Some of these decisions feel like a Catch-22 and no situation has an ideal result. Writing a list of pros vs cons may be helpful, but the main focus should be on long-term consequences. Many of us are concerned about short-term impacts, but reframing to long-term may make it more straightforward. Example Situation: I have a

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By Eric Johnson As calls for distancing continue to increase in both social environments and working environments, social behaviors can adapt relatively quickly to increasing distance, but work environments can pose challenges. The cases of the latter can involve situations that require the presence of employees in a mandatory way and/or in a teamwork environment. In the case of construction, we look at several types of organizations in the construction industry and how the COVID-19 recommended social distancing will affect both the organization and the business. Software-Based Firms Software-based firms have the best opportunities for employee remote work. Key drivers for these organizations

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By Josh Williams, Ph.D. Constantly refreshing CNN.com and other outlets for the latest updates on COVID-19 can create enormous distress as the number of people infected and killed by this terrible outbreak steadily climbs. More coverage is now also focusing on the massive number of small business owners and employees that are losing their jobs and income streams due to the pandemic. Small business is the backbone of our communities and it’s in real trouble. What You Can Do Countless restaurants, coffee shops, gyms, and downtown storefronts are closely monitoring their resources and calculating how long they can weather the storm. The good

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By Kelly Cave & Madison Hanscom The current coronavirus (COVID-19) pandemic has resulted in increased responsibilities for many people. Citizens are learning how to adjust to a new way of life. This might include learning how to work from home, wearing multiple hats while balancing childcare and work, or the stress of supporting older loved ones. When things get busy, we tend to cut back on sleep. Oftentimes we do this so it feels like we have more hours in the day, and your employees are no exception. The CDC defines insufficient sleep as less than 7 hours of sleep each night.

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By KyoungHee Choi COVID-19 FOCUS: How South Korea has come up with innovative ways to control COVID-19 to reduce the length of business interruptions and associated business parallels and applications to help you navigate this Black Swan event? The novel Coronavirus (COVID-19) is a daily topic of discussion and news. From its roots in Wuhan (China), it quickly spread across Asia and then took a quick foothold in Iran, South Korea and Italy. From there it started spreading rapidly across Europe and North America without recognizing borders and affecting individuals across all walks of life and cultures. Now, people are monitoring the

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By Josh Williams, Ph.D. Executives are dealing with a myriad of challenges during this pandemic. Mass layoffs have resulted in consumer spending grinding to a halt. Retailers are scrambling to adapt to rapidly changing consumer habits. Many big box retailers are on the brink of collapse. What steps can be taken now to connect with the public when money simply isn’t flowing? Some traditional companies like Macy’s are in desperate trouble. Others, like Nike, are taking active steps to adapt. They are expanding their training app, Nike Training Club, even as their stores are closing across the country. Their app has seen

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