Making Your Organisation and Supply Chain Resilient and Adaptable for COVID-19 - Professor Manmohan Sodhi
From Augustin Galatanu on May 7th, 2020
This masterclass recognises there are uncertainties that companies face in today’s environment of Covid-19 and lockdowns in many countries, as well as the resulting secondary risks. As such, this class presents three ideas: The first is using scenario planning to decide what you need to do collectively as an organisation to be prepared for the future, no matter what scenario unrolls. The second is risk management, which means (a) identifying the risks, (b) assessing these risks, (c) mitigating these risks, and (d) being prepared to respond to the risks. There is plenty of unclear language associated with risk management, so this aspect should help clarify some of the language. Finally, the class discusses what is means to be better prepared to respond to risk incidents if and when they occur. The masterclass is not specific to Covid-19, but this is as good a time as any to use the ideas presented here.