Question
In a recent Wall Street Journal article, the writer argued that the initial strategy to fight COVID-19 included severe and broad restrictions on daily activity
In a recent Wall Street Journal article, the writer argued that the initial strategy to fight COVID-19 included "severe and broad restrictions on daily activity that helped send the world into its deepest peacetime slump since the Great Depression." (WSJ 8-24-20). Their conclusion, upon reflection, is that the business lockdowns were "overly blunt and economically costly." Hindsight can be 20/20, so I am not looking for criticism of decisions made in the heat of the pandemic. However, I would like for you to imagine that you are a financial leader of a small business and they have asked for you to articulate a strategy that the organization should pursue if another such pandemic (or other crisis) should be encountered. What would your recommendations be for preparation and execution of such a strategy?
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