A business is a boat sailing in the sea of opportunities looking to voyage across new horizons. Still, a crisis is like a storm that can offset the boat and, in the worst-case scenario, even stop the journey altogether. Keeping the catchy comparisons aside, let us take some time to reflect on the critical topic of the article. In retrospect, it can be said that history is a witness to the gruesome failures of many prosperous companies that had the potential to grow across geographical boundaries but could not accomplish the feat because they lacked the art of crisis management. Some companies that did survive through the difficult times did so through the cumulative efforts of the employees, top management, and how they functioned with the inter departments to make sure that they keep the boat afloat.
To be perfectly candid, crisis management and risk management are two very different concepts, and we are going to be shedding light only on the former in this specific article.
A crisis is a period of intense difficulty, danger or tension, both for the people as well as the businesses in a particular location and in some cases globally. A crisis can appear in the many dreadful forms like –
- Pandemic Diseases
- Economic Crisis
- Natural calamity
- War and State of Emergency
- Political breakdown of the government and regulatory bodies
A suitable and extremely relevant example for a time of crisis would be the COVID-19 pandemic that took the planet by storm and left the global population locked behind the safety of their homes and businesses going from semi-digital to entirely online. The pandemic has also affected many events that were scheduled to take place in UAE, a prominent one being the Dubai Expo 2020. A crisis indeed hinders the operations of a company and also the process of business setup in UAE. If you are operating a business in the year 2020, then it is essential to make sure that your team of employees and managers are prepared to work together to make sure the business gains stability and sticks through the adversity. Here are a few ways in which you can keep your team committed when your enterprise is in a Crisis –
1. Use the Leadership Position to keep the Team Motivated
Employees often sub-consciously mirror their superiors in many ways because they spend an ample amount of time and effort with them for the superior to have a significant impact in the employees' life either as a role model or as an annoyance. Either way, they do resonate with the mentality of their superior managers. Therefore, a top-level manager or a departmental manager has the power to impact the productivity of the employees. And it becomes imperative to positively motivate the employees by counseling them and assigning them achievable goals during a crisis.
2. Assign Group Tasks to Initiate Team Work
Although tasks assigned individually could debate that the work gets done faster but remember we're in crisis mode now, and the most important thing is to make sure people are less burdened and more committed with their work. Employees, when paired or grouped for specific projects, portray concern and concentration towards getting their job done. A simple concept of human tendency and Workforce Psychology is that people working in groups work with a common goal in mind for the betterment of the entire team as compared to when they work solo.
3. Communicate the Importance of Deadlines
Deadlines are incredibly crucial during a time of crisis for the survival of the company. When the economy is at an all-time low, and the company is earning less revenue, a manager must pitch the sustainability of the company as an incentive to the team. Let the team know that their contributions during the time of adversity, even with a reduced salary, will result in the survival of the company. Thus, they will be rewarded for recovery. Therefore, make sure that the team knows how important project deadlines are to continue operations in a market affected by the crisis. Afterall, efficiency during a crisis also supports the responsible brand image of the business.
4. Approach a Consultant for Assistance and Advice
We at Commitbiz pride ourselves on housing a team of dedicated individuals who have helped several companies to set up business in the UAE. Approach us to gain professional consulting on how to manage your business operations during this time of crisis. We provide various services as well, such as business incorporation, accounting and bookkeeping in UAE, audit services, and so on in prominent locations across UAE.
How can Commitbiz Assist you during COVID-19 Pandemic?
Tough times need tough measures; hence, we at Commitbiz have come up with a #STARTFROMHOME initiative to help businesses in the UAE. We have fine-tuned our business setup procedure so that you can register your business from the convenience of your home. Your company can be incorporated in just ten days, and what's more, you can also apply for an offshore bank account from your home.
Utilize these weeks to register your business in the UAE, and once this pandemic is in control, your company will be up and running. Also, don't forget, with the present economic situation, we're giving away special quarantine discounts on our business setup packages.
Contact us today to incorporate your business in the UAE.