Every system has one or more shock absorbers in order to cope when we hit a bump in the road.
"Their" Shock Absorbers
Covid-19 is an opportunity to look at companies in action, under pressure, to see the truth behind the hype.
Those with high staff counts tend to go for their employees. Layoffs, short time working, redundancies.
Those with asset heavy customers go for the assets of customers they can afford to lose for a while. For banks, those with secured loans and little political leverage, for large organisations their suppliers payment schedules.
For those deemed “to big to fail” it’s the Government.
For those in critical healthcare, it’s an awful demarcation line we force on staff to make decisions on who to treat and who to save, because we have not built enough of a shock absorber into their system - staff, resources, and reserves.
For Governments, it’s supranational institutions, such as the EU, or the IMF.
The common theme is that all of them are outplacing their shock absorbers, e…
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