Recovering from Black Swan Events; What We Learned from Covid-19

Learning Objectives

• To discuss how opening up the doors on Day One is not as easy as it stands.
• To analyze failures to learn from others’ mistakes.
• To analyze success to take the ideas and replicate them in their organization.
• To discuss new benefits that may be needed to motivate employees to get back to work.
• To list what you need to add for employees in the workplace.
• To discuss SWOT analysis.
• To investigate how to help employees who were the victim of scams during the COVID-19.

Course Description

There are events that have a very low probability of occurring but which, when they do occur, have a huge impact and are difficult to predict. They are black swans. Some examples of black swans include the First World War, the Wall Street Crash of 1929, which led to the Great Depression, and the 2008 financial crisis. Pandemics such as the Black Death in the 14th century, the Spanish flu in 1918-1920, and COVID-19 today are also examples.

The COVID-19 outbreak has characteristics that classify it as a black swan: it is a shock that has a low probability of materializing but a very high impact.

The world markets are waking up from a long hibernation called Covid-19. 

There is still work to be done and profits to be re-earned.

This CPE webinar on Business Management will look at what went right and what went wrong to date.

Navigating the COVID-19 pandemic and its aftermath is one of the biggest business challenges of our time. To keep operations going, most companies adopted new ways of working that left their offices, factories, and stores empty.

As business comes surging back, management teams are responsible for leading their companies through these fast-moving changes. Boards of directors also play a role.

They need to help management think critically about the development and execution of their return-to-work plans. This starts with understanding the workforce challenges executives face in a post-pandemic world so they can ask the right questions and act as a sounding board.

The speaker Denise Cicchella in this CPE course will discuss practical management responses to allow employees to come back to the office, or even stay at home, and get back to the business of business.

Overview

• What is Black Swan?

  6 mins
• COVID-19 is a rainbow swan

  10 mins
• Why is this so important?

  35 mins
• New benefits that may be needed

  58 mins
• May need revised attendance policies

  77 mins
• Let's talk special projects and investment decisions

  98 mins