Navigate the Storm: CEOs Must Be Prepared

In today's business landscape, the frequency of crises affecting top companies has significantly increased, highlighting the need for CEOs to be prepared. With the rise of stakeholder capitalism and a complex geopolitical environment, CEOs must confront inevitable storms rather than avoid them. Successful CEOs adopt a proactive approach by regularly stress testing their organizations to anticipate future challenges and enhancing resilience. They establish built-in command centers to efficiently monitor and manage crises. This involves assembling cross-functional teams with clear roles to rapidly disseminate vital information to stakeholders when a crisis arises. By preparing in these ways, CEOs can better navigate risks in a volatile environment.