Managers who allow themselves to be vulnerable while practicing empathy are the ones who succeed, according to experts.
The economic outlook is dim, and there may not be a path to recovery until 2021.
Steve Dennis is a keynote speaker, author and consultant, and former executive at the Neiman Marcus Group and Sears Holdings Corp.
Best practices for business leaders includes “accepting loss” and visualizing a post-COVID-19 world.
As COVID-19 tests the management skills of leaders in fashion and retail, communication and flexibility is essential.
Companies are drawing down cash, and retailers could operate for several months in the current environment.
Eric Nalbone, head of Marketing at Drum, says small businesses can use this time to take on tasks that will strengthen a company in the long run.
Solution providers are also offering free and enhanced services to help companies manage the impact of the COVID-19 outbreak.
Paul Sparrow, area managing partner and chief marketing officer at Chief Outsiders, offers a model for reading and planning for economic hiccups.
Seattle-based WestRiver Group gathered empirical evidence that showed gender, racial and ethnic parity can bolster the value of companies.
Global protests are expected to continue throughout 2020.