The world has been in the shackles of COVID-19 pandemic for months now and it has created an unfamiliar environment for businesses across industries. We are dealing with a constantly shifting landscape, so a static budget or strategic plan will be ineffective.
Your organization urgently must respond to unfolding events. How do you extract and apply effective adoptions to future crises, while adjusting effectively to ensure growth and recovery?
About the blog author
- Diligent executive project manager offering a proven record of success leading all phases of diverse technology projects; business transformation leader with more than 25 years of project management experience and as a financial executive, leading to being Assistant Deputy Commissioner of the City of Boston.
- As a business strategist, planned and managed multimillion-dollar projects aligning business goals with technology solutions to drive process improvements, competitive advantage, and bottom-line gains; Collaborated with multiple customer entities to conceptualize and implement innovative manufacturing processes, cost-saving supplier metrics, and digital enablement road-maps.
- An influential visionary with empowering and motivational leadership style that brings out the best in all project participants, both internal and client staffs; create alliances in efforts to achieve business goals, and quickly turns negative financials into positives.
My LinkedIn profile is at https://www.linkedin.com/in/bjmartinez/.
Keeping Track of Key Trends to Bolster Your Future
The pandemic has proven that now, more than ever, invention and innovation are critical.
- Re-examine data on a daily basis
- What scenarios are you using to develop your contingency plans?
- Have you defined your countermeasures if there is a detrimental impact on sales? Supply chain disruptions? Changes in customer behaviors?
- Who is reviewing and reporting results, daily?
- Don’t lose focus on the “Big Picture”
- Are you using consistent periods for measuring movement toward your business goals?
- Do you empower your teams to sift through details?
- Are you providing clarity as to your strategy and what you perceive as critical macro issues?
- Is there two-way communication, so your perspective and strategy are clearly understood and your team’s interpretations are voiced to you?
- Encourage flexibility
- Are you creating safe spaces for your people to begin conversations with you by saying “based on our current analysis,” without fear of being viewed negatively should events change?
- Is there a culture of cross-functional teams, so when the team leader speaks there has already been a level of vetting reached before the analysis is presented to you?
- Are you supportive of your teams being able to make rapid tactical decisions?
Your organizational effectiveness in dynamic crisis indicates that there is one variable which is most predictive of eventual success – preparation and preemption. Preparing for the next crisis (or the next phase of the current crisis) now is likely to be much more effective than an ad hoc, reactive response when the crisis hits.
Even while the crisis is unfolding, responses and impacts should be documented to be later reviewed and lessons distilled. Rapidly evolving situations expose existing organizational weaknesses, like an inability to make hard decisions or an excessive bias towards consensus, which constitute opportunities for improvement.
AccuComp Enterprises collaborates with business and technology leaders, to support the formulation and execution of operational strategies. As your business partner, together we can achieve intended business outcomes by bringing the best of process re-engineering, technology experiences, and execution models.
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We are all in this together!