Armanino Blog

The 5 Stages of Business Crisis: Helping You Navigate to a New Normal

July 22, 2020

There's no doubt that COVID-19 has been the biggest disruptive force this century, affecting organizations far and wide, large and small. As you navigate through the fallout and complexities of this pandemic, we recognize that you are looking for guideposts to assist you in making the right decisions.

To help, we've mapped out a methodology that uncovers five key stages your business may experience on your way from triage to growth. We've also addressed the specific actions you should take in each stage.

Here is an overview of the five stages of crisis:

Crisis Stages

You can take a closer look at each stage and find a much more detailed list of recommendations in this white paper.

We are also diving deeper in our three-week Evolution Virtual Conference Series – currently underway. After speaking with hundreds of businesses over the past few months about the best solutions in the short term, we recognized that companies were experiencing different stages of this crisis and at different times. We were inspired to put together a conversation that examines them all, including what you should be doing as you hit each stage and plan for the next. So, no matter where you are on your journey, there are sure to be useful tips to set you up for success.

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