VIDEOSGZERO World with Ian BremmerQuick TakePUPPET REGIMEIan ExplainsGZERO ReportsAsk IanGlobal Stage
Site Navigation
Search
Human content,
AI powered search.
Latest Stories
Sign up for GZERO Daily.
Get our latest updates and insights delivered to your inbox.
Puppet Regime is up for a Webby Award!
VOTE HERE
In 60 Seconds
Short, concise, and to the point, In 60 Seconds covers world news, US politics, the view from Europe, and more.
Presented by
Kevin Sneader, global managing partner for McKinsey & Company, provides perspective on what corporate business leaders are thinking during the global coronavirus crisis: How does business think about the many conflicting forces that it faces in the midst of this global health pandemic?
Well, I think the answer in one level is simple, care for your employees, your customers and cash in that order. First, I've heard some ask, is there a tradeoff that needs to be made between caring for employees and caring for the business? I think it's very hard to see a business that success in the future if it's not grounded in care for its employees. So, I believe the first priority is indeed to exercise that care for employees. Secondly, customers are of course, the lifeblood of any business. So, that has to be the second priority, care for your customers. And be caring for them now will be returned in loyalty, later. The third, of course, is cash. To be resilient, to be able to withstand the challenge now being faced. Many businesses are facing inordinate economic challenges. Well, that's why cash is king, again. It's so important to find ways to maximize cash and to maintain cash. But let me be clear, it's the third in the hierarchy I just presented. So, care for your employees, care for your customers, care for cash, and try to follow that order.
Keep reading...Show less
More from In 60 Seconds
GZERO Series
GZERO Daily: our free newsletter about global politics
Keep up with what’s going on around the world - and why it matters.








