{"id":8173,"date":"2020-06-02T14:00:45","date_gmt":"2020-06-02T12:00:45","guid":{"rendered":"https:\/\/executive-interim-partners.de\/?p=8173"},"modified":"2025-09-19T14:08:21","modified_gmt":"2025-09-19T12:08:21","slug":"interim-managers-as-crisis-managers-to-support-the-fight-against-covid-19","status":"publish","type":"post","link":"https:\/\/executive-interim-partners.de\/en\/general\/interim-managers-as-crisis-managers-to-support-the-fight-against-covid-19\/","title":{"rendered":"Interim Managers as Crisis Managers to Support the Fight Against COVID-19"},"content":{"rendered":"\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-ka5cm1hl-66c29115a4e87295359521a8e6407201\">\n.avia-section.av-ka5cm1hl-66c29115a4e87295359521a8e6407201 .av-parallax .av-parallax-inner{\nbackground-repeat:no-repeat;\nbackground-image:url(https:\/\/executive-interim-partners.de\/wp-content\/uploads\/2020\/05\/eip-restart-header-scaled.jpg);\nbackground-position:0% 100%;\nbackground-attachment:scroll;\n}\n.avia-section.av-ka5cm1hl-66c29115a4e87295359521a8e6407201 .av-section-color-overlay{\nopacity:0.5;\nbackground-color:#0a0000;\n}\n<\/style>\n<div id='av_section_1'  class='avia-section av-ka5cm1hl-66c29115a4e87295359521a8e6407201 main_color avia-section-default avia-no-border-styling  avia-builder-el-0  el_before_av_one_fifth  avia-builder-el-first  avia-full-stretch av-parallax-section avia-bg-style-parallax av-section-color-overlay-active av-minimum-height av-minimum-height-55 av-height-percent  container_wrap fullsize'  data-section-bg-repeat='stretch' data-av_minimum_height_pc='55' data-av_min_height_opt='percent'><div class='av-parallax' data-avia-parallax-ratio='0.3' ><div class='av-parallax-inner main_color avia-full-stretch'><\/div><\/div><div class=\"av-section-color-overlay-wrap\"><div class=\"av-section-color-overlay\"><\/div><div class='container av-section-cont-open' ><main  role=\"main\" itemprop=\"mainContentOfPage\"  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custom-color-heading blockquote modern-quote  avia-builder-el-3  avia-builder-el-no-sibling '><h1 class='av-special-heading-tag'  itemprop=\"headline\"  >Interim Managers as Crisis Managers to Support the Fight Against COVID-19<\/h1><div class=\"special-heading-border\"><div class=\"special-heading-inner-border\"><\/div><\/div><\/div><\/div>\n<\/div><\/div><\/main><\/div><\/div><\/div><div id='after_section_1'  class='main_color av_default_container_wrap container_wrap fullsize'  ><div class='container av-section-cont-open' ><div class='template-page content  av-content-full alpha units'><div class='post-entry post-entry-type-page post-entry-8173'><div class='entry-content-wrapper clearfix'>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-8ei6s-0c1ddd6b8d9eff5901fd7603375c2fb0\">\n.flex_column.av-8ei6s-0c1ddd6b8d9eff5901fd7603375c2fb0{\nborder-radius:0px 0px 0px 0px;\npadding:15px 15px 15px 15px;\nbackground-color:#ededed;\n}\n<\/style>\n<div  id=\"corona-contact-partner\"  class='flex_column av-8ei6s-0c1ddd6b8d9eff5901fd7603375c2fb0 av_one_fifth  avia-builder-el-4  el_after_av_section  el_before_av_four_fifth  avia-builder-el-first  first flex_column_div av-hide-on-mobile  '     ><p>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-kh61gdh0-5bb1bbb32b9ea74ba450352e6838e432\">\n#top .av-special-heading.av-kh61gdh0-5bb1bbb32b9ea74ba450352e6838e432{\npadding-bottom:10px;\n}\nbody .av-special-heading.av-kh61gdh0-5bb1bbb32b9ea74ba450352e6838e432 .av-special-heading-tag .heading-char{\nfont-size:25px;\n}\n.av-special-heading.av-kh61gdh0-5bb1bbb32b9ea74ba450352e6838e432 .av-subheading{\nfont-size:15px;\n}\n<\/style>\n<div  class='av-special-heading av-kh61gdh0-5bb1bbb32b9ea74ba450352e6838e432 av-special-heading-h3 blockquote modern-quote  avia-builder-el-5  el_before_av_textblock  avia-builder-el-first '><h3 class='av-special-heading-tag'  itemprop=\"headline\"  >Contact<\/h3><div class=\"special-heading-border\"><div class=\"special-heading-inner-border\"><\/div><\/div><\/div><br \/>\n<section  class='av_textblock_section av-kamqok2q-3179db9e71db972d429a7fc5799eedea '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock'  itemprop=\"text\" ><h4>Michael Hengstmann<\/h4>\n<\/div><\/section><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-kamqr3s5-7e284c95b3571290f6039754d0182684\">\n#top .hr.hr-invisible.av-kamqr3s5-7e284c95b3571290f6039754d0182684{\nheight:10px;\n}\n<\/style>\n<div  class='hr av-kamqr3s5-7e284c95b3571290f6039754d0182684 hr-invisible  avia-builder-el-7  el_after_av_textblock  el_before_av_button '><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n<div  class='avia-button-wrap av-kama9lq2-808cbd680fdd0681d3d3472b8ce814f0-wrap avia-button-left  avia-builder-el-8  el_after_av_hr  el_before_av_heading '><a href='mailto:hengstmann@eip.de' class='avia-button av-kama9lq2-808cbd680fdd0681d3d3472b8ce814f0 avia-icon_select-yes-left-icon avia-size-small avia-position-left avia-color-theme-color' target=\"_blank\" rel=\"noopener noreferrer\"><span class='avia_button_icon avia_button_icon_left' aria-hidden='true' data-av_icon='\ue805' data-av_iconfont='entypo-fontello'><\/span><span class='avia_iconbox_title' >E-Mail<\/span><\/a><\/div><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-mc4tf3cc-9ac9677efbce207aa89bd9c158f6219e\">\n#top .av-special-heading.av-mc4tf3cc-9ac9677efbce207aa89bd9c158f6219e{\npadding-bottom:10px;\n}\nbody .av-special-heading.av-mc4tf3cc-9ac9677efbce207aa89bd9c158f6219e .av-special-heading-tag .heading-char{\nfont-size:25px;\n}\n.av-special-heading.av-mc4tf3cc-9ac9677efbce207aa89bd9c158f6219e .av-subheading{\nfont-size:15px;\n}\n<\/style>\n<div  class='av-special-heading av-mc4tf3cc-9ac9677efbce207aa89bd9c158f6219e av-special-heading-h3 blockquote modern-quote  avia-builder-el-9  el_after_av_button  el_before_av_image  av-linked-heading'><h3 class='av-special-heading-tag'  itemprop=\"headline\"  ><a class=\"av-heading-link\" href=\"https:\/\/executive-interim-partners.de\/wp-content\/uploads\/2020\/11\/EIP-Interim-News-Corona-Krisenmanagement_UPDATE-MH-November-2020.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Download study<\/a><\/h3><div class=\"special-heading-border\"><div class=\"special-heading-inner-border\"><\/div><\/div><\/div><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-mc4tf77y-25add7a05d03c228b8acc62c28b208eb\">\n.avia-image-container.av-mc4tf77y-25add7a05d03c228b8acc62c28b208eb img.avia_image{\nbox-shadow:none;\n}\n.avia-image-container.av-mc4tf77y-25add7a05d03c228b8acc62c28b208eb .av-image-caption-overlay-center{\ncolor:#ffffff;\n}\n<\/style>\n<div  class='avia-image-container av-mc4tf77y-25add7a05d03c228b8acc62c28b208eb av-styling- avia-align-center  avia-builder-el-10  el_after_av_heading  avia-builder-el-last '   itemprop=\"image\" itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/ImageObject\" ><div class=\"avia-image-container-inner\"><div class=\"avia-image-overlay-wrap\"><a href=\"https:\/\/executive-interim-partners.de\/wp-content\/uploads\/2020\/11\/EIP-Interim-News-Corona-Krisenmanagement_UPDATE-MH-November-2020.pdf\" class='avia_image' target=\"_blank\" rel=\"noopener noreferrer\" aria-label='0001'><img decoding=\"async\" class='wp-image-7703 avia-img-lazy-loading-not-7703 avia_image ' src=\"https:\/\/executive-interim-partners.de\/wp-content\/uploads\/2020\/11\/0001-212x300.png\" alt=\"Interim Managers as Crisis Managers to Support the Fight Against COVID-19\" title='0001'  height=\"300\" width=\"212\"  itemprop=\"thumbnailUrl\" srcset=\"https:\/\/executive-interim-partners.de\/wp-content\/uploads\/2020\/11\/0001-212x300.png 212w, https:\/\/executive-interim-partners.de\/wp-content\/uploads\/2020\/11\/0001-728x1030.png 728w, https:\/\/executive-interim-partners.de\/wp-content\/uploads\/2020\/11\/0001-768x1086.png 768w, https:\/\/executive-interim-partners.de\/wp-content\/uploads\/2020\/11\/0001-1086x1536.png 1086w, https:\/\/executive-interim-partners.de\/wp-content\/uploads\/2020\/11\/0001-1061x1500.png 1061w, https:\/\/executive-interim-partners.de\/wp-content\/uploads\/2020\/11\/0001-498x705.png 498w, https:\/\/executive-interim-partners.de\/wp-content\/uploads\/2020\/11\/0001.png 1190w\" sizes=\"(max-width: 212px) 100vw, 212px\" \/><\/a><\/div><\/div><\/div><\/p><\/div>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-ev9tg-f5d7f426d6ac14d0e940a460490c39e9\">\n.flex_column.av-ev9tg-f5d7f426d6ac14d0e940a460490c39e9{\nborder-radius:0px 0px 0px 0px;\npadding:0px 0px 0px 0px;\n}\n<\/style>\n<div  class='flex_column av-ev9tg-f5d7f426d6ac14d0e940a460490c39e9 av_four_fifth  avia-builder-el-11  el_after_av_one_fifth  el_before_av_one_fifth  flex_column_div av-zero-column-padding  '     ><section  class='av_textblock_section av-k9u2cle4-cc4f34db458bccf8882f3938b2f2ad64 '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock'  itemprop=\"text\" ><h2>ACT PROACTIVELY, EFFECTIVELY, AND COURAGEOUSLY IN THE CORONA CRISIS: INTERIM MANAGERS AS CRISIS MANAGERS TO SUPPORT THE FIGHT AGAINST COVID-19<\/h2>\n<div id=\"accelSnackbar\" style=\"left: 50%; transform: translate(-50%, 0px); top: 50px;\"><\/div>\n<\/div><\/section><br \/>\n<div  class='avia-testimonial-wrapper av-kh60au6l-63f03effc4003f71ef9165c7d2c419ff avia-grid-testimonials avia-grid-2-testimonials avia_animate_when_almost_visible' >\n<section class=\"avia-testimonial-row\"><div class='avia-testimonial av-2xozjb-b6280bf1a6ed82bd1ae5d0838cf2824d avia-testimonial-row-1 avia-first-testimonial flex_column no_margin av_one_half'><div class='avia-testimonial_inner'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia-testimonial-image'  itemprop=\"image\" ><img loading=\"lazy\" decoding=\"async\" width=\"180\" height=\"180\" src=\"https:\/\/executive-interim-partners.de\/wp-content\/uploads\/2019\/11\/michael-hengstmann-180x180.jpg\" class=\"attachment-square size-square\" alt=\"Interim Managers as Crisis Managers to Support the Fight Against COVID-19\" srcset=\"https:\/\/executive-interim-partners.de\/wp-content\/uploads\/2019\/11\/michael-hengstmann-180x180.jpg 180w, https:\/\/executive-interim-partners.de\/wp-content\/uploads\/2019\/11\/michael-hengstmann-80x80.jpg 80w, https:\/\/executive-interim-partners.de\/wp-content\/uploads\/2019\/11\/michael-hengstmann-300x298.jpg 300w, https:\/\/executive-interim-partners.de\/wp-content\/uploads\/2019\/11\/michael-hengstmann-768x762.jpg 768w, https:\/\/executive-interim-partners.de\/wp-content\/uploads\/2019\/11\/michael-hengstmann-36x36.jpg 36w, https:\/\/executive-interim-partners.de\/wp-content\/uploads\/2019\/11\/michael-hengstmann-120x120.jpg 120w, https:\/\/executive-interim-partners.de\/wp-content\/uploads\/2019\/11\/michael-hengstmann-450x450.jpg 450w, https:\/\/executive-interim-partners.de\/wp-content\/uploads\/2019\/11\/michael-hengstmann.jpg 968w\" sizes=\"auto, (max-width: 180px) 100vw, 180px\" title=\"Interim Managers as Crisis Managers to Support the Fight Against COVID-19\" \/><\/div><div class='avia-testimonial-content '><div class='avia-testimonial-markup-entry-content'  itemprop=\"text\" ><p>&#8220;In the corona crisis, the CEO must act proactively and courageously,<\/p>\n<p>out of care for their employees, to secure liquidity and ensure the survival of the business.<\/p>\n<p>Timely, bold measures must be taken by top management within the company.&#8221;<\/p>\n<div id=\"accelSnackbar\" style=\"left: 50%; transform: translate(-50%, 0px); top: 50px;\"><\/div>\n<\/div><\/div><div class=\"avia-testimonial-meta\"><div class=\"avia-testimonial-arrow-wrap\"><div class=\"avia-arrow\"><\/div><\/div><div class='avia-testimonial-meta-mini'  itemprop=\"author\" itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/Person\" ><strong  class='avia-testimonial-name'  itemprop=\"name\" >Michael Hengstmann<\/strong><span  class='avia-testimonial-subtitle '  itemprop=\"jobTitle\" >Managing Partner, Executive Interim Partners GmbH<\/span><\/div><\/div><\/div><\/div>\n<\/section><\/div><br \/>\n<section  class='av_textblock_section av-k9u2cle4-8-05a239c8bb0a8740a84ba14cf9206ba2 '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock'  itemprop=\"text\" ><h2>Interim Manager: Measures for Top Management for Effective COVID-19 Crisis Management<\/h2>\n<p>The COVID-19 pandemic is already one of the most severe economic crises since World War II. Especially since the &#8220;second wave&#8221; and the renewed lockdown in November 2020 across nearly all European countries and many other nations, company leaders have been confronted with new challenges on top of the already complex day-to-day business: the medium- and potentially long-term COVID-19 crisis management of their company. Particularly in industries that were already impacted by disruptive changes such as digitalization and electromobility before the pandemic\u2014such as the automotive industry, fashion industry, machinery and plant engineering, media and entertainment, professional services, and of course the hospitality and restaurant sectors\u2014there is a search for new solutions to cope with the economic effects of COVID-19. Many of our colleagues at Executive Interim Partners are currently working as Interim Managers in executive roles or as consultants in companies both in Germany and abroad, leading these companies through the crisis, and helping them survive, or even come out stronger from the COVID-19 pandemic. We are supporting numerous companies as crisis managers in the role of interim Chief Restructuring Officers (CROs) or Chief Transformation Officers (CTOs). We have summarized our practical experience since the outbreak of the COVID-19 pandemic to provide you with effective crisis management strategies.<\/p>\n<div id=\"accelSnackbar\" style=\"left: 50%; transform: translate(-50%, 0px); top: 50px;\"><\/div>\n<\/div><\/section><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-kh61rwhd-c8a7e07ee286aae563563301f1ad1694\">\n.avia-image-container.av-kh61rwhd-c8a7e07ee286aae563563301f1ad1694 img.avia_image{\nbox-shadow:none;\n}\n.avia-image-container.av-kh61rwhd-c8a7e07ee286aae563563301f1ad1694 .av-image-caption-overlay-center{\ncolor:#ffffff;\n}\n<\/style>\n<div  class='avia-image-container av-kh61rwhd-c8a7e07ee286aae563563301f1ad1694 av-styling- avia-align-center  avia-builder-el-15  el_after_av_textblock  el_before_av_hr '   itemprop=\"image\" itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/ImageObject\" ><div class=\"avia-image-container-inner\"><div class=\"avia-image-overlay-wrap\"><img decoding=\"async\" class='wp-image-8467 avia-img-lazy-loading-not-8467 avia_image ' src=\"https:\/\/executive-interim-partners.de\/wp-content\/uploads\/2020\/06\/corona-framework.png\" alt=\"Interim Managers as Crisis Managers to Support the Fight Against COVID-19\" title='corona framework'  height=\"448\" width=\"467\"  itemprop=\"thumbnailUrl\" srcset=\"https:\/\/executive-interim-partners.de\/wp-content\/uploads\/2020\/06\/corona-framework.png 467w, https:\/\/executive-interim-partners.de\/wp-content\/uploads\/2020\/06\/corona-framework-300x288.png 300w, https:\/\/executive-interim-partners.de\/wp-content\/uploads\/2020\/06\/corona-framework-36x36.png 36w\" sizes=\"(max-width: 467px) 100vw, 467px\" \/><\/div><\/div><\/div><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-k9u3dn3t-03d6e5d372462cc9406cd31f8ce8d629\">\n#top .hr.hr-invisible.av-k9u3dn3t-03d6e5d372462cc9406cd31f8ce8d629{\nheight:20px;\n}\n<\/style>\n<div  class='hr av-k9u3dn3t-03d6e5d372462cc9406cd31f8ce8d629 hr-invisible  avia-builder-el-16  el_after_av_image  el_before_av_hr '><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-k9u3dn3t-6-e4ab9aed2b7800bdfd93b2f6fde951df\">\n#top .hr.hr-invisible.av-k9u3dn3t-6-e4ab9aed2b7800bdfd93b2f6fde951df{\nheight:50px;\n}\n<\/style>\n<div  class='hr av-k9u3dn3t-6-e4ab9aed2b7800bdfd93b2f6fde951df hr-invisible  avia-builder-el-17  el_after_av_hr  el_before_av_textblock '><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n<section  class='av_textblock_section av-k9u2cle4-7-a4f8d86b7173cb6190e9bb5b29c4c6df '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock aufzaehlung'  itemprop=\"text\" ><h2>INTERIM MANAGER 10-POINT ACTION PLAN FOR EXECUTIVES<\/h2>\n<h3>1. Establishing a Corona Task Force<\/h3>\n<p>What initially seemed like a temporary task in March 2020, the establishment of a Corona Task Force, has now become a permanent body in almost all companies. In addition to the management or executive board, members of the supervisory board or advisory board, as well as other crisis managers, are part of the usually weekly virtual Corona Task Force meetings. The task force ensures that decisions are made quickly, measures already agreed upon are managed and implemented, and redefined if necessary.<\/p>\n<h3>2. Setting Up and Implementing IT and Communication Management<\/h3>\n<p>Almost all companies now use communication platforms like MS Teams, Cisco WebEx, or Citrix GoTo to ensure as many employees as possible can work from home. In this context, standardized and effective IT equipment must be provided, while continuously ensuring cyber security.<\/p>\n<h3>3. Modeling Conservative and Worst-Case Scenarios<\/h3>\n<p>For a realistic risk assessment, it is essential to model and represent potential new lockdowns and worst-case scenarios in integrated financial models with various assumptions (duration, impact, effectiveness of measures). The following business scenarios should be considered, particularly:<\/p>\n<ul>\n<li>Sales effects (e.g., order cancellations or delayed project starts)<\/li>\n<li>Cost measures (e.g., short-time work benefits)<\/li>\n<li>Working capital effects (e.g., reduction of credit lines in trade credit insurances)<\/li>\n<li>New financing needs or new government subsidies (e.g., new state or federal aids, entrepreneur wages)<br \/>\nIt is important to continuously and periodically adjust the financial planning model throughout the COVID-19 crisis.<\/li>\n<\/ul>\n<h3>4. Securing and Managing Liquidity<\/h3>\n<p>Strict liquidity management with central decision-making processes and new spending rules is a crucial success factor for ensuring survival during the COVID-19 crisis. The principle here is: <strong>Cash is King!<\/strong> A bottom-up liquidity plan must be created, and new decision rules for payouts must be communicated and implemented. Furthermore, stringent management of working capital, i.e., receivables, liabilities, and inventory, must be ensured. This working capital management includes measures such as consistent receivables management with continuous checks on overdue receivables and negotiating deferral agreements with suppliers or possibly with landlords. In case of a liquidity crisis, it is advisable to involve an insolvency lawyer, even though the mandatory three-week insolvency application period has temporarily been suspended by lawmakers. This requirement applies only if insolvency or over-indebtedness is caused by the COVID-19 pandemic, which must be proven in each individual case.<\/p>\n<h3>5. <strong>Securing Short- and Mid-Term Financing<\/strong><\/h3>\n<p>In special situations, all solutions for securing financing with existing and new financing partners and shareholders should be checked and implemented. First, the crisis resilience of the company&#8217;s existing financing structure should be analyzed. This also includes reviewing relevant agreements in loan contracts with financial institutions and identifying unsecured assets. It is also important to conduct a &#8220;stress test&#8221; based on the worst-case scenario, particularly for the agreed-upon covenants with banks if external financing has already been taken out. There are often additional financing alternatives for short- and mid-term liquidity security, such as factoring, sale and leaseback, or the sale of land or buildings. During the COVID-19 crisis, many companies are already utilizing attractive state financing aids in the form of special loans, soft aids, or guarantees from regional or federal governments. Unfortunately, the application process for state support programs is still often as time-consuming and complex as obtaining loans from commercial banks prior to the COVID-19 crisis. Operating losses in the previous years (2018 and 2019) often lead to the rejection of aid applications. In many cases, financing partners require restructuring and restructuring reports according to IDW S6 before providing financial aid. These application processes for &#8220;immediate aid&#8221; can sometimes take up to six months or even longer.<\/p>\n<h3>6. <strong>Defining and Implementing Short-Term Cost Reductions<\/strong><\/h3>\n<p>The Corona Task Force must continuously review all costs that are not essential for the company&#8217;s survival and, if necessary, adapt them to the new situation. In addition, new decision rules, ideally at the management or board level (C-Level), must be communicated for expenditure approval limits. Measures for immediate cost reductions include, for example, cutting costs for temporary and external workers, insourcing services, halting advertising and marketing expenses, and reviewing all consultancy costs and projects.<\/p>\n<h3>7. <strong>Implementing Personnel and Restructuring Measures<\/strong><\/h3>\n<p>The highest priority for personnel measures is the duty of care for all employees and maintaining the company&#8217;s operations for its survival. The employer&#8217;s duty of care includes developing and implementing a dynamic hygiene concept with a step plan that follows the current regional and nationwide restrictions and defines the levels for internal hygiene and safety measures. Home office regulations for employees who do not need to be on-site should also be regulated in a company agreement and with the relevant insurance company. To ensure the survival of the company and the long-term protection of jobs, companies affected by the COVID-19 crisis in terms of sales and labor shortages should negotiate special measures with the affected employees (if no works council exists) or the works council. These include, in particular, agreements on short-time work, which can be flexibly adjusted according to the different waves of the pandemic.<\/p>\n<h3>8. <strong>Adjusting Processes, Resources, and Capacities in Production<\/strong><\/h3>\n<p>Due to the high risk of infection with the coronavirus through droplet and surface transmission, almost all production companies have now implemented strict hygiene concepts and developed emergency plans to keep operations running. Companies must act agilely during the COVID-19 crisis. This includes continuously adapting work and production planning to changing capacity utilization and demand situations, as well as responding to employees who have tested positive or are in quarantine.<\/p>\n<h3>9. <strong>Securing Procurement Processes and Supplier Delivery Capability<\/strong><\/h3>\n<p>Suppliers have often also been affected by the COVID-19 crisis. It is now necessary to intensify and maintain continuous dialogue with all strategic suppliers about their status and how they are managing the crisis. Suppliers&#8217; delivery capability and creditworthiness, particularly of system-critical suppliers, must be continually reviewed. At the same time, inventory levels in the company (raw material stocks, semi-finished products) and order volumes need to be checked and adjusted. The procurement organization must ensure that, if necessary, alternative suppliers, raw materials, or products with higher availability or lower costs can be switched to. A contingency plan with alternative suppliers or substitute suppliers should already be prepared.<\/p>\n<h3>10. <strong>Intensifying Customer Dialogue and Implementing Short-Term Revenue Safeguarding Measures<\/strong><\/h3>\n<p>Regular and intensive communication with all customers and the implementation of measures to secure short-term revenue will help guide companies through the crisis. Customer dialogue should be intensified, particularly with strategic clients, and the crisis resilience and trust in the professional handling of your company should be demonstrated and proven. Some companies in the crisis situation also rely on support from their customers. The support provided by customers can include improved payment terms or the expedited handling and comparison of pending complaints (&#8220;claims&#8221;). Our experienced Interim Managers at Executive Interim Partners, who specialize in crisis situations, are available for further information or support.<\/p>\n<div id=\"accelSnackbar\" style=\"left: 50%; transform: translate(-50%, 0px); top: 50px;\"><\/div>\n<\/div><\/section><\/p><\/div>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-8ei6s-11-e8b317e7d3d071175d4a6a0388b82fe0\">\n.flex_column.av-8ei6s-11-e8b317e7d3d071175d4a6a0388b82fe0{\nborder-radius:0px 0px 0px 0px;\npadding:0px 0px 0px 0px;\n}\n<\/style>\n<div  class='flex_column av-8ei6s-11-e8b317e7d3d071175d4a6a0388b82fe0 av_one_fifth  avia-builder-el-19  el_after_av_four_fifth  el_before_av_four_fifth  first flex_column_div av-zero-column-padding  '     ><\/div>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-ev9tg-9-29f6b9e464f6af1cb6bc923146a87b0b\">\n.flex_column.av-ev9tg-9-29f6b9e464f6af1cb6bc923146a87b0b{\nborder-radius:0px 0px 0px 0px;\npadding:30px 30px 30px 30px;\nbackground-color:#6d141a;\n}\n<\/style>\n<div  class='flex_column av-ev9tg-9-29f6b9e464f6af1cb6bc923146a87b0b av_four_fifth  avia-builder-el-20  el_after_av_one_fifth  el_before_av_hr  flex_column_div  '     ><style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-kh61aie5-ab4f1d7ddca896855e005315c25092c7\">\n#top .avia-icon-list-container.av-kh61aie5-ab4f1d7ddca896855e005315c25092c7 .iconlist_icon{\ncolor:#ffffff;\n}\n#top #wrap_all .avia-icon-list-container.av-kh61aie5-ab4f1d7ddca896855e005315c25092c7 .av_iconlist_title{\ncolor:#ffffff;\n}\n.avia-icon-list-container.av-kh61aie5-ab4f1d7ddca896855e005315c25092c7 .iconlist_content{\ncolor:#ffffff;\n}\n<\/style>\n<div  class='avia-icon-list-container av-kh61aie5-ab4f1d7ddca896855e005315c25092c7  avia-builder-el-21  avia-builder-el-no-sibling '><ul class='avia-icon-list avia_animate_when_almost_visible avia-icon-list-left av-iconlist-small av-kh61aie5-ab4f1d7ddca896855e005315c25092c7 avia-iconlist-animate'>\n<li><div class='iconlist_icon av-8ohwif-324207dcb6e1924b5f0c06bcc81cfc78 avia-font-entypo-fontello'><span class='iconlist-char' aria-hidden='true' data-av_icon='\ue812' data-av_iconfont='entypo-fontello'><\/span><\/div><article class=\"article-icon-entry \"  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class=\"iconlist_content_wrap\"><header class=\"entry-content-header\"><div class='av_iconlist_title iconlist_title_small  av_inherit_color'  itemprop=\"headline\" >Immediate Provision of an Experienced Crisis Manager as Interim Chief Restructuring Officer, Chief Transformation Officer, Chief Financial Officer, Chief Operating Officer, Plant Manager, Chief Procurement\/SCM Officer, or Chief Executive Officer<\/div><\/header><div class='iconlist_content av_inherit_color'  itemprop=\"text\" ><div id=\"accelSnackbar\" style=\"left: 50%; transform: translate(-50%, 0px); top: 50px;\"><\/div>\n<\/div><\/div><footer class=\"entry-footer\"><\/footer><\/article><div class=\"iconlist-timeline\"><\/div><\/li>\n<li><div class='iconlist_icon av-7w463r-f177fc6504ea408a052c3b32f0e7581f avia-font-entypo-fontello'><span class='iconlist-char' aria-hidden='true' data-av_icon='\ue812' data-av_iconfont='entypo-fontello'><\/span><\/div><article class=\"article-icon-entry \"  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class=\"iconlist_content_wrap\"><header class=\"entry-content-header\"><div class='av_iconlist_title iconlist_title_small  av_inherit_color'  itemprop=\"headline\" >Preventing an imminent or acute liquidity crisis in your company through the initiation and operational implementation of immediate measures<\/div><\/header><div class='iconlist_content av_inherit_color'  itemprop=\"text\" ><div id=\"accelSnackbar\" style=\"left: 50%; transform: translate(-50%, 0px); top: 50px;\"><\/div>\n<\/div><\/div><footer class=\"entry-footer\"><\/footer><\/article><div class=\"iconlist-timeline\"><\/div><\/li>\n<li><div class='iconlist_icon av-5zz3x3-d299e0cba9794c7a645855408c9aa024 avia-font-entypo-fontello'><span class='iconlist-char' aria-hidden='true' data-av_icon='\ue812' data-av_iconfont='entypo-fontello'><\/span><\/div><article class=\"article-icon-entry \"  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class=\"iconlist_content_wrap\"><header class=\"entry-content-header\"><div class='av_iconlist_title iconlist_title_small  av_inherit_color'  itemprop=\"headline\" >Support in acquiring and securing new external and equity capital through the use of our EIP network and close contacts with financial institutions and equity providers (also for applying for government financing programs)<\/div><\/header><div class='iconlist_content av_inherit_color'  itemprop=\"text\" ><div id=\"accelSnackbar\" style=\"left: 50%; transform: translate(-50%, 0px); top: 50px;\"><\/div>\n<\/div><\/div><footer class=\"entry-footer\"><\/footer><\/article><div class=\"iconlist-timeline\"><\/div><\/li>\n<li><div class='iconlist_icon av-3xxfev-58a8bf8ed670befd4222c3546cf552af avia-font-entypo-fontello'><span class='iconlist-char' aria-hidden='true' data-av_icon='\ue812' data-av_iconfont='entypo-fontello'><\/span><\/div><article class=\"article-icon-entry \"  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class=\"iconlist_content_wrap\"><header class=\"entry-content-header\"><div class='av_iconlist_title iconlist_title_small  av_inherit_color'  itemprop=\"headline\" >Support in banking communications, e.g., in the case of Breach of Covenants, which refers to a serious and potentially permanent violation of defined target values for key performance indicators necessary for maintaining agreed-upon external financing with lenders<\/div><\/header><div class='iconlist_content av_inherit_color'  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src=\"https:\/\/executive-interim-partners.de\/wp-content\/uploads\/2020\/01\/Interim-Management-Executive-Interim-Partners.jpeg\" alt=\"Interim Managers as Crisis Managers to Support the Fight Against COVID-19\" title='teaser'  height=\"555\" width=\"815\"  itemprop=\"thumbnailUrl\"  \/><\/a><\/div><\/div><\/div><\/div><div class='av-flex-placeholder'><\/div>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-28psu-2-804c8f780cfd4d3da23eebcada054d65\">\n.flex_column.av-28psu-2-804c8f780cfd4d3da23eebcada054d65{\nborder-radius:0px 0px 0px 0px;\npadding:0px 0px 0px 0px;\n}\n<\/style>\n<div  class='flex_column av-28psu-2-804c8f780cfd4d3da23eebcada054d65 av_three_fifth  avia-builder-el-30  el_after_av_two_fifth  el_before_av_hr  flex_column_table_cell av-equal-height-column av-align-middle av-zero-column-padding  column-top-margin'     ><p><section  class='av_textblock_section av-k0nmxch7-ec49089c8b78617a8ed68536597d4e95 '   itemscope=\"itemscope\" 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