Essay on 125,000+ Infected, 4,600+ Dead: Preparing for the Global COVID-19 Crisis

Introduction

Currently, over 125,000 persons have been infected by COVID-19 across the globe. The pandemic has led to the death of more than 4,600 individuals. Firms, as well as individuals, are taking steps in preparation for the epidemic. It is because the number of infections continues to rise. COVID-19 can be termed as a public health crisis that is quickly developing. It has harmed every sector, including uncertainty of how the future will be. In response to the pandemic, numerous events have been canceled around the world. All organizations, including nonprofits, are being forced to navigate the pandemic's impact. The situation reveals the need for a sound nonprofit sector because nonprofits' role is to assist vulnerable groups in society. These organizations need to be resilient in mitigating the risks brought by the crisis. For instance, they ought to protect their staff and prepare for possible financial challenges. Below are some of the vital objectives that must be prioritized when it comes to responding to COVID-19.

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Keeping the Mission Alive

The programs of many organizations, including nonprofits, have been disrupted. However, it does not mean that the organization's mission should slow down. Nonprofits need to create teams for crisis management that will develop ways of maintaining normalcy while safeguarding their employees. Institutions can employ strategies that support remote work, for instance, cloud-based platforms (Lieberman, 2020). The truth is that a particular establishment may be hindered by inaccessibility to technology. Others may entail procedures that require to be done on-site. Such establishments must limit the number of employees on-site. The objective is to prevent an interruption of the organization's mission, which is to serve the underprivileged persons. Nonprofits should capitalize on remote work tools where possible.

Securing Financial Resources

Various factors may affect the funds of nonprofits, including the absence of fundraising activities and lack of donations, among others. It could threaten their existence hence jeopardizing the mission's beneficiaries. Therefore, nonprofits should do everything possible to remain financially healthy amidst improbability. They have to ensure that they have adequate liquidity (O'Connell, 2020). The optimization of present reserves as well as income is vital in this scenario. Firms can also discuss their liquidity issues with investment experts to establish ways of adjusting their investment approaches. They should communicate with financiers to safeguard the credit lines in case liquidity is a challenge in the near future. Nonprofits should also be open as well as truthful with funders concerning the effects of COVID-19 on their finances. Specific news sources have revealed that nonprofits may be assisted by grant officers in cushioning the impact of expenses from nonprofit functions.

Advancing the Strategy

Dealing with COVID-19 requires an adjustment in responses depending on the shifts that occur over time. The minimization of risks while continuing with business needs organizations to comply with recommendations provided by health bodies as well as governments as time goes. It will require the constant formulation of short-term contingency policies. Leaders and employees should collaborate in making decisions that mitigate risks. Irrespective of what lies ahead, nonprofits should create a balance between enhancing the mission of nonprofits and safeguarding the institutions.

For more details on the situation's progress, visit COVID-19 Resource Hub.

References

Lieberman, A. (2020). Coronavirus in China: International NGOs' response. [online]. Available at: https://www.devex.com/news/coronavirus-in-china-international-ngos-response-96566

O'Connell, S. (2020). How to reform NGO funding so we can deal with threats like COVID-19. [online]. Available at: https://www.weforum.org/agenda/2020/04/how-to-reform-ngo-funding-so-we-can-deal-with-threats-like-covid-19/