The Chartered Institute of Management Accountants (CIMA) said today it has launched Reimagine business resilience in the COVID-19 world, a free resource to help organisations steer through the short- and long-term ramifications of the COVID-19 crisis.
The toolkit provides business leaders with three tools to plan the transition to a post-COVID-19 reality and build business resilience in uncertain times, CIMA noted.
The CGMA Horizon Scanner helps organisations explore possible future scenarios and what steps they need to take to safeguard their future, integrating elements such as supply chain, the regulatory environment, or customer behaviours, according to CIMA.
The CIMA Strategic Scorecard is designed to help organisations design their future strategy and focus on key issues — such as competitors, cashflow, project feasibility and risk management — to foster recovery and growth, the organisation said in a statement.
The CGMA Business Model Framework encourages organisations to ask future-focused questions around their business model and how they create value to avoid making decisions could potentially lead to future corporate failure, CIMA added.
According to the organisation, it will release the following “how to” guides to further help businesses in the coming weeks.
· How to get your finances in order
· How to get more help from the government
· How to adapt your business model
· How to optimise your supply chain
· How to build resilience for the future