--- title: Where are businesses in their recovery journey? - Stratford Group Ltd. description: We distributed a survey to better understand the impact of Covid-19. We have identified where organizations are as it relates to the 5 stages of recovery. image: https://www.stratford.group/hubfs/MK-Blog%20and%20News%20Images/BLOG-Businesses%20in%20Covid%20recovery.png --- [![stratford_logo_200px](https://www.stratford.group/hubfs/stratford_logo_200px.webp) ](https://www.stratford.group) - [Management Consulting](https://www.stratford.group/management-consulting-services) - [Strategic Planning & Implementation](https://www.stratford.group/strategic-planning-implementation-services) - [IT Digital Services](https://www.stratford.group/digital-solutions) - [Cybersecurity](https://go.stratford.group/cybersecurity-it-digital-strategy-for-organizations) - [CEO Advisory & Board Governance](https://www.stratford.group/ceo-board-governance) - [AI Prompt Engineering Workshop](https://www.stratford.group/generative-ai-prompt-engineering-workshop) - [People & Culture Consulting](https://www.stratford.group/people-culture-consulting-services) - [Virtual & Interim HR Support](https://www.stratford.group/virtual-interim-hr-services) - [Leadership Development](https://leadership-development.stratford.group) - [HR Strategy & Organizational Development](https://www.stratford.group/hr-strategy-organizational-design) - [Total Rewards](https://www.stratford.group/total-rewards-consulting-services) - [HR Policy & Compliance Review](https://www.stratford.group/hr-policy-and-compliance-review) - [Intellectual Property Agency](https://www.stratford.group/full-service-ip-agency) - [IP Strategy Review & Design](https://www.stratford.group/ip-strategy-review-design) - [Virtual IP Department](https://www.stratford.group/virtual-ip-department) - [IP Strategy Education](https://www.stratford.group/ip-education-services) - [IP Patent Portfolio Impact Assessment](https://www.stratford.group/ip-patent-portfolio-impact-assessment) - Resources - [News & Events](https://www.stratford.group/news) - [Blog](https://www.stratford.group/blog) - [Resources](https://www.stratford.group/stratford-expert-resources) - [Contact](https://www.stratford.group/contact-us) # Where are businesses in their recovery journey? ### **The survey results are in.** #### *Collectively we’re stabilizing.* May 16, 2020, 8:44:43 AM We recently distributed a survey to better understand the impacts and setbacks that Covid-19 has created for varying businesses. As a result, we have identified where organizations are currently situated as it relates to the five stages of recovery: React, Assess, Stabilize, Recover, Reimagine. | [![](https://www.stratford.group/hs-fs/hubfs/Imported_Blog_Media/COVID-Survey-Results-Infographic-1.png?width=800&height=2000&name=COVID-Survey-Results-Infographic-1.png)](https://www.stratford.group/hubfs/Imported_Blog_Media/COVID-Survey-Results-Infographic-1.png) | | --- |     #### **Overall Highlights** More than half of the respondents are ***currently situated in the Stabilization stage***. More than half of respondents believe it will be anywhere from ***4-12 weeks to transition to the next stage of recovery***. Primary concerns identified:      ** 1)** Economic impacts       **2)** Managing employees & clients       **3)** Long term impacts on businesses   #### **Moving Forward** There is more to our current situation than simply damage control. Amid the chaos there are opportunities for improvement, growth, and transformation that we were unable to see before. As you move through the stages of disaster recovery at your own pace, consider some of these potential strategic actions to strengthen and improve the health of your organization:      ** 1)** **Sell a business/product line** to generate cash **      2) Change your product roadmap** in response to market changes **      3) Consider a merger** to leverage cost-sharing and grow revenue **      4) Consider an acquisition** to expand and grow your market reach In addition to these strategic actions, here are a few resources that we’ve been finding helpful both internally and with our clients: [**Employer Programs**](https://info.stratfordmanagers.com/acton/attachment/18820/f-474476a4-7766-4413-be6d-3c1f405d81b1/1/-/-/-/-/COVID%20Employer%20Programs%20Financial%20Support.pdf). A summary of the programs available from the federal and provincial governments to support financial security [**Employee & Individual Programs**](https://info.stratfordmanagers.com/acton/attachment/18820/f-8d3742c5-0e24-43c1-90f3-712b937519e7/1/-/-/-/-/COVID%20Employee%20Programs%20Financial%20Support.pdf). A summary of the programs available from the federal and provincial governments to support financial security **[Business assessment](https://stratford.group/insights/stratford-business-assessment-discovery-2/).** A secure online tool to uncover the key drivers of your business, identify gaps and provide an estimated valuation. The results from this survey were also shared and discussed during the webinar for Ottawa Board of Trade delivered by Stratford’s CEO Advisory team. In the video below you can learn more about the 5 Stages of Disaster Recovery and how better prepare for “what’s next”.     We understand everyone has unique challenges they’re facing during each stage of the recovery process. Therefore, we are here and ready to meet you where you are right now to help you successfully complete your journey to recovery. [CONTACT US TODAY](https://stratford.group/contact/) [Business Operations](https://www.stratford.group/blog/tag/business-operations), [Crisis Leadership and Recovery](https://www.stratford.group/blog/tag/crisis-leadership-and-recovery), [Scaling for Growth](https://www.stratford.group/blog/tag/scaling-for-growth) ![Stratford-Horizontal-Logo-RGB-White](https://www.stratford.group/hubfs/MK%20-%20Stratford%20Logos/Stratford-Horizontal-Logo-RGB-White.png) We Believe Better is Possible. ### Better Results --- - [Strategy](https://www.stratford.group/strategic-planning-implementation-services) - [IT Digital](https://www.stratford.group/digital-solutions) - [CEO Advisory](https://www.stratford.group/ceo-board-governance) ### Better Teams --- - [Virtual HR](https://www.stratford.group/virtual-interim-hr-services) - [Total Rewards](https://www.stratford.group/total-rewards-consulting-services) - [HR Strategy](https://www.stratford.group/hr-strategy-organizational-design) - [Leadership](https://www.stratford.group/leadership-development) ### Better IP Strategy --- - [IP Agency](https://www.stratford.group/full-service-ip-agency) - [IP Strategy](https://www.stratford.group/ip-strategy-review-design) - [IP Education](https://www.stratford.group/ip-education-services) - [IP Management](https://www.stratford.group/virtual-ip-department) ### Better Support --- - [About Stratford](https://www.stratford.group/about) - [Join Stratford](https://www.stratford.group/join-the-team) - [News & Events](https://www.stratford.group/news) - [Blog](https://www.stratford.group/blog) - [Resources](https://www.stratford.group/stratford-expert-resources) - [Pricing](https://www.stratford.group/pricing) - [Employee Login](https://www.stratford.group/stratford-internal-resource-library) - [Legal Disclaimer](https://stratford-21099497.hs-sites.com/legal-disclaimer) - [Privacy](https://stratford-21099497.hs-sites.com/privacy-policy) - [**](https://www.linkedin.com/company/stratford-group-ltd/) © 2009-2026 Stratford Group Ltd. ```json { "@context" : "https://schema.org", "@type" : "BlogPosting", "author" : { "@type" : "Person", "name" : "Stratford Group Ltd.", "url" : "https://www.stratford.group/blog/author/stratford-group-ltd-" }, "dateModified" : "2023-05-09T20:48:49.558Z", "datePublished" : "2020-05-16T12:44:43.000Z", "headline" : "Where are businesses in their recovery journey? - Stratford Group Ltd.", "image" : [ "https://www.stratford.group/hubfs/MK-Blog%20and%20News%20Images/BLOG-Businesses%20in%20Covid%20recovery.png" ], "mainEntityOfPage" : { "@id" : "https://www.stratford.group/blog/where-are-businesses-in-their-covid-recovery-journey", "@type" : "WebPage" }, "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "url" : "https://www.stratford.group/hubfs/Stratford-Horizontal-Logo-RGB.png" }, "name" : "Stratford Group Ltd" } } ```