*Program will start at 11:00 a.m.*
Spencer P. Eccles Managing Director The Cynosure Group
Summary of Key Action Items 1. Start thinking about COVID-19 as a long-term risk that needs to be managed, not a short-term issue that can be solved 2. Act promptly, even if not perfect – iterate as required 3. Utilize the resources available – CARES Act, Credit Partner 4. Communicate frequently with key stakeholders 5. Look for ways to adapt your business as you prepare for a new normal
Agenda Description Presenter Welcome Taylor Randall Introduction Spencer P. Eccles Recap and Update on Utah’s Pandemic Response Governor Mike Leavitt Discussion with Federal Reserve Board Vice Chair Governor Mike Leavitt What is the Federal Reserve doing to support the economy, households and Vice Chair Randal K. Quarles businesses? Spencer P. Eccles Panel Introduction Managing Director, Cynosure How are your businesses addressing the challenges you are facing? Clark Ivory, CEO Ivory Homes Moderator: Spencer P. Eccles Scott & Karin Pynes, Owners Cactus & Tropicals John Walbrecht, President Black Diamond Equipment Audience Q&A Governor Mike Leavitt
Randal K. Quarles Vice Chair for Supervision Federal Reserve Board Chairman Financial Stability Board
Spencer P. Eccles Managing Director The Cynosure Group
Audience: Ask Questions Using Chat Q&A
Clark Ivory Chief Executive Officer Ivory Homes
Scott & Karin Pynes Owners Cactus & Tropicals
How are you adapting your business to survive? Garden Centers Plant Maintenance Event Hosting • Closed stores • Shifted from • No events efficiency to • Shifted to web sales • Expected to return flexibility but it could take a • Redesigning outdoor • Employee safety long time sales to reopen
John Walbrecht President Clarus/Black Diamond Equipment
Black Diamond Crisis Plan Who are we now…. And who will we become? This too will pass. Use this “Pause” to re-define the brand DEFINE BD Define the Next “ Super Fan Brand ” People First. Great Teams Build Great Brands. Be Safe. Be Strong. Be Positive Over communicate with Employees, Customers, Suppliers and Consumers WHAT WE DO Continue to Innovate and Accelerate. Focus on Employees. Every Person… Every Day Matters. Define Industry Leadership Actions HOW WE DO IT Build Loyalty Programs with Employees, Customers, Suppliers and Consumers. Be Open and Honest with All. Character of the Brand. Copy other brands WHAT WE Compromise our Brand Integrity . DON’T DO Make Short Term decisions at the risk of the Long term Brand
To those who have been cold, wet and scared. To the unplanned bivies. To those who have taken the fall, over and over again. To the nurses and doctors. To the mask-makers. To the freelancers. The photographers. To the waiters and restaurants. Coffee shops and small business hustlers. To the mountain guides and park rangers. To the athletes with Olympic dreams. To the climbers. The runners. The skiers and the riders. To the lifers. To our community that has come together by staying apart. To the mothers. The fathers. The families. To those of us who know that suffering will only make us stronger. WE’LL SEE YOU OUT THERE.
Audience: Ask Questions Using Chat Q&A
Taylor Randall Dean, David Eccles School of Business University of Utah
Future Workshops: Every Tuesday and Friday Tuesday, April 14 th 11am-1pm : Cash is King – Managing Finance and Cash Flow Pressures in a Pandemic Friday, April 17 th 11am-1pm : The Impact of COVID-19 on Healthcare – National Perspective and Impact to Utah Future Topics: Managing Customers and Supply Chains Industry specific seminars in Construction and Non-Profit To Register: Eccles.Link/MikeLeavitt For More Info: navigatingcovid@Eccles.Utah.edu
For More Information: University of Utah Executive Leavitt Partners Education Driving strategy to advance value: Online Classes Available: Strategic planning • • Growing in Uncertain Times Bridging health care and public health • • Lean Six Sigma Green Belt Online • Competitive Strategy Federal policy intelligence and advocacy • • Developing a Digital Marketing Plan Problem-solving convening • Download the At-A-Glance Calendar and Register: Visit LeavittPartners.com or email Bo Nemelka at Bo.Nemelka@leavittpartners.com for more • UtahLeaders.com information. • 801-587-7273
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