As economies worldwide move from the “respond” to the “recover” phase of the pandemic crisis, businesses have entered into a new period of innovation.
As economies worldwide move from the “respond” to the “recover” phase of the pandemic crisis, businesses have entered into a new period of innovation. COVID-19 has laid bare the vulnerabilities of many organisations, and accelerated trends that could lead to significant improvements in productivity, performance and resilience, which will enable them to thrive in the “next normal.”
Never before have we seen such massive operational transformation in such a compressed period of time. But with each transformation comes a new set of risks to consider and mitigate. Some of the areas seeing the most activity around innovation and transformation include the following:
The world is going to look different in the next normal due to the COVID-driven acceleration of existing trends
The world is going to look different in the next normal due to the COVID-driven acceleration of existing trends – work from home, social responsibility, sustainability and so on. The coronavirus pandemic has also made it clear that organisations should factor the Triple Bottom Line (people, planet and profit) into their thinking as well. If they use these guiding principles, they stand a better chance of successfully managing the transformations and thriving in the next normal.