Abstract: COVID-19 is a pandemic that is currently ravaging the world, with unprecedented disruptions being witnessed. Many governments have imposed restrictions on movement and several measures to contain its spread, including social and physical distancing, hence directive to work from home. This has disrupted the office, as it used to be, with little time to prepare for the sudden change. Working from home poses new risks and opportunities for organisation and it is imperative that the board effectively manage this to sustain organisation’s operations. Using exploratory research design, this paper reviews these risks and opportunities and hence the practicable options in managing them amidst the pandemic. Key to this is the ability to learn, in line with absorptive capacity theory. It finds that the board can no longer rely on traditional risk management techniques, given the speed of digital transformation, but it underscores the critical importance of strategic risk management. This paper concludes that developing adoptive capacity to exploit emerging mechanisms in teleworking is inevitable and combining risk and compliance management in corporate government is key to corporate resilience and competitive advantage.
Keywords: COVID-19 Pandemic, Working from Home (WFH), Risk Management.
Title: WHEN THE OFFICE WENT HOME: RESPONDING TO EMERGING RISKS AND OPPORTUNITIES
Author: Eric Sambu
International Journal of Interdisciplinary Research and Innovations
ISSN 2348-1218 (print), ISSN 2348-1226 (online)
Vol. 12, Issue 1, January 2024 - March 2024
Page No: 29-43
Research Publish Journals
Website: www.researchpublish.com
Published Date: 22-February-2024
