Business Continuity Guide 1: Strategic & Operational Aspects

COVID-19 Response & Planning Strategy

This guideline document is being issued during the Movement Control Order (‘MCO’) period with the view of providing additional ideas to supplement the actions taken by organisations to-date, and to provide further support to business leaders in navigating their businesses out of the sea of uncertainties we are facing.

  • COVID-19 has brought to the world one of the greatest challenges since World War 2!
  • Both mankind and corporations are under serious threat globally!
  • Well-thought out corporate moves, strategic analysis, and timely execution are essential for business survival.

Objectives of this Guide are:-

  • To provide organisations a quick analysis on business continuity risks present at key operating functions.
  • To share our thoughts on key strategies to deal with the COVID-19 challenges.

CONCERNS LOOM FOR BUSINESSES

The majority of businesses have been negatively impacted by COVID-19. Businesses are:

  • Struggling to adapt
  • Feeling inadequately prepared to deal with the crisis
  • Concerned about future growth
%

Nearly half agree that their business has been impacted by the current public health situation and are concerned about the future of their business.

%

Nearly half agree that their business has been impacted by the current public health situation and are concerned about the future of their business.

RECOMMENDED STRATEGIC EXECUTION ROAD MAP

RECOMMENDED STRATEGIC EXECUTION ROAD MAP

CORPORATE/GROUP SUPPORT FUNCTIONS

Business Continuity Risks Analysis

CORPORATE/GROUP SUPPORT FUNCTIONS Business Continuity Risks Analysis

OPERATIONAL FUNCTIONS

Business Continuity Risks Analysis

CORPORATE/GROUP SUPPORT FUNCTIONS Business Continuity Risks Analysis

WHAT CAN ORGANISATIONS DO?

CORPORATE/GROUP SUPPORT FUNCTIONS Business Continuity Risks Analysis
CORPORATE/GROUP SUPPORT FUNCTIONS Business Continuity Risks Analysis

FROM SURVIVE TO THRIVE!

  • Improve Focus of the Marketing Spend & Returns
  • Enlarge Customer/Market Basis Through Focused Client Segmentation & Margin-oriented Decisions
  • Re-evaluate/Adjust Supply Chain Arrangement
  • Adjust M&A Strategies
  • Invest in Technology with Execution Abilities & Closely Monitored Returns
  • Outsource Non-core Functions
  • Diversify Financing Sources & Establish New Credit Facilities

COVID-19 MAY LAST, BUT BUSINESS RESILIENCE IS THE ULTIMATE DIFFERENTIATOR!

Do Not Forget Opportunities
  • While busy analysing risks & preparing respond strategy – continue to look out for opportunities!
  • Maintain a positive & optimistic mind set
Seek External Assistance
  • More productive – as time is limited
  • Focus energy & effort on critical business aspects
Check Your Assumptions
  • This is the time to review and revalidate all your business & operational assumptions
  • No longer “Business As Usual”
  • Perform scenario analysis
Be Creative
  • Strategy & solutions development
  • Leverage on Group-Intelligence
  • Take appropriate risks – supported by comprehensive analysis & deep thinking

For more information, please contact:

Nurhaniza Dato' Seri Mohd Khalil
Tricor Axcelasia Sdn Bhd
Head, Business Development & Communications

Tel: +6012 2317515
Email: Nurhaniza.Mohd.Khalil@ my.tricorglobal.com

For other Tricor services, please email to info@my.tricorglobal.com or visit to www.tricorglobal.com

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