When a crisis hits a company, it usually happens unexpectedly and can lead to great damage to the organization’s finances, revenues, reputation, market positioning and delivery of products or services.
“Risk-, Continuity- and Crisis Management has never been more important. Today all companies and organizations need defined processes to manage an unexpected crisis.”
Being able to handle crises need to be part of every organization’s Risk Management work. Resilience is built by preparedness and in the best of worlds every organization have crisis readiness where crisis governance, chain of command, organization adjustments, critical dependencies, the specific processes and policies are defined, documented, implemented and rehearsed. Early warnings and defined triggers define when and what steps are taken and by whom. When a crisis hits, there is little time for creating and implementing new governance and new ways of working.
Risk Management must include readiness and preparedness for Business Continuity- and Crisis Planning
The ability and preparedness to manage crises determine the organization’s ability to sustain, recover and survive unexpected situations. Risk Management work needs to include Crisis Management and Planning, Business Continuity Management, from a prevention, and restoration perspective.
The different steps and actions required in the situation of a crisis need to be taken in the right order and without delay. Often one of the first steps is to secure people and employee safety. The immediate and effective response is often instrumental, but it is crucial to not lose focus on the longer term, as this might have worse implications for the organization.
Read more about Interim Management here.
Nordic Interim is here to help
We are here to help. When companies are facing challenging times and an uncertain future, the needed leaders are available in our extensive network, and we ensure that you get the right skills at the right place at the right time.
Read more about how we work here.
Nordic Interim helps clients develop the necessary readiness and preparedness for Business Continuity- and Crisis Planning
Risk-, Continuity- and Crisis Management are scarce skills today and developing the necessary readiness requires effort and resources in addition to the right skills and experience. Leveraging interim solutions for situations where a certain set of skills are required for a limited period of time is a wise decision. Once the governance models, processes and policies are defined, documented, implemented and rehearsed, the assignment can be finalized and handed over to the organization.
Nordic Interim has the strongest network of Interim Professionals who can support your organization in times of crises
Nordic Interim helps companies and organizations to overcome complex and critical challenges. In collaboration with the best and most experienced Interim Professionals, we secure the exact right solution at the exact right time. The Interim Manager brings an immediate, invaluable, and unique set of skills and experience creating extraordinary results in a short period of time. The organization can keep up the daily business while needed processes are implemented by the interim. As interim solutions creates no additional fixed costs, it helps the organization to optimize the cost base when strict cost management is crucial.
Read our interview with Anna Palmérus here.
Nordic Interim helps your organization recover and stabilize your operations in the new reality
When an organization have been through crisis and turmoil, there is often a new reality to be managed. Nordic Interim has the Interim Professionals with the right and relevant experience to adjust the organization and business to the new conditions. We have a long experience of turnarounds, cost adjustment initiatives and managing insolvency situations. We can support re-organizations, top-line growth initiatives, M&A, divestments and closing of units.
Read our interview with Lars Eric Gustafsson about reconstruction here.