Responding to COVID-19: What companies are missing

In the past few days I was reading the extremely interesting briefing note issued by McKinsey on COVID-19. I invite you all to click on the below link and read it:- https://www.mckinsey.com/~/media/mckinsey/business%20functions/risk/our%20insights/covid%2019%20implications%20for%20business/covid%2019%20march%2016/covid-19-briefing-note-march-16-2020-final.ashx What is most interesting is what they said as how they are seeing that companies are responding to COVID-19. They mention that companies …

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Why is it important to manage Conflicts of Interest?

When a conflict of interest disclosure reveals a potential, perceived or actual conflict of interest, a management strategy needs to be in place to document and proactively address questions that may arise regarding an individual's objectivity, integrity or professional commitment as a result of the disclosed activity, relationship or financial interest.  A Conflict of Interest Management Strategy outlines …

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Does your family business have a succession plan?

Many of the world’s most successful businesses are run by multigenerational families. Walmart, BMW and Samsung are three prominent examples. However while over 70% of businesses are family run, only 30% survive the transition from first to second generation and just 12% making it to the third generation. What is it about family businesses that make them …

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Writing a Business Plan – beyond the financials

I many times come across clients who need a Business Plan for various reasons, many times for bank financing or other funding applications. I however rarely meet any business owner or manager who really understands the value of a good Business plan and that such Business Plan needs to be constantly updated. Business Planning is …

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