Guiding Organizations Through Uncertainty

By Martin Hirt, Celia Huber, Frithjof Lund, and Nina Spielmann

Boards of directors in the tunnel of the coronavirus crisis

There are areas that boards and their chairs should prioritize when guiding their organizations through unprecedented uncertainty.

Few boards of directors had a playbook for managing the crisis we face today. Now, even fewer have a clear perspective on when and how their organizations will emerge from the tunnel the coronavirus pandemic has forced them to enter. The light at its end is very dim. Uncertainty is high for most sectors and businesses, with boards and management teams struggling to find solid ground, which makes it all the more vital that boards are deliberate about where they focus their attention.

Here are three recommendations for chairs and their boards from McKinsey & Company.

Originally published on mckinsey.com April 16, 2020