COVID-19
Pandemics highlight fragilities in how the world operates.
Our most recent episode with Coronavirus has exposed vulnerabilities in how to balance the major cornerstones of global society.
Surviving the initial shock and adjustment to the impacts of Coronavirus were the initial and critical focus for government, business and society. Now, the focus must be on adaptation and growth.
The key elements for Governments to manage are health, security and economics (see our 3 Pillars of Success). These also remain critical areas for business – no matter how small or large and regardless of national or global reach. As described in June 16, 2021 McKinsey Executive Briefing “COVID-19: Implications for business”, there were initially two imperatives, to 1. “Safeguard Lives” and 2. “Safeguard Livelihoods”.
In Australia, this second initiative in particular, impacted business. The Federal Government put a range of financial initiatives into place to help business maintain their workforces. The key to ongoing success now is how business translates this opportunity into “future proofing”. This is not simple nor easy and will take a lot of focus, commitment and determination. However, it must be done in order to survive in a world and time where rapid, well targeted response will be rewarded.
The 3 pillars of success
Our 3 pillars of success are reinforced here, and have never been more prominent. Businesses must revitalize and realign by examining
People
The internal capabilities, values and behaviours that deliver results
(Health)
Process
Models and practices that determine efficiency
(Economics)
Technology
The enabler of modern business solutions and communication
(Security)
If you’d like to know more about how this could be applied to your business, please contact us.
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