How businesses will look like post lockdown has always been something I have been thinking about this past month. There are two things that are certain; most of the old business models that help companies earn their revenue may not be as effective as before, second – we need to think of new ways of doing business and providing our products and services.
I came across a great article from the biggest consulting firm in the world – McKinsey & Co. The article below is a follow-through from a previous one discussing the qualities that will be critical for business leaders in the next normal economy; resolve, resilience, return, reimagination, and reform.
Interestingly, their research went deeper with this particular article ‘From surviving to thriving: Reimagining the post-COVID-19 return.’ The study provides a framework on how to reposition businesses with four areas of focus:
- Recover revenue
- Rebuilding operations
- Rethinking the organization
- Accelerating the adaptation of digital solutions.
You may benefit from reading the article using this link:
You can also check out the pdf version here.