By definition, a pandemic is “an outbreak of a disease that occurs over a wide geographic area and affects an exceptionally high proportion of the population”; which is exactly what we are facing now.
Although we cannot define exactly how life and business practice will change when this is over, we can assure everything will be different. If we think about it, the last time the world experimented with such an impact was caused by influenza back in 1918. If you think about it, the way people lived their lives at that time was totally different, jobs were different, communications, medicine, and technology were different too.
Under these circumstances, what is important is what we learn while we are suffering the impact but also afterward.
For example: Those who never considered or thought that would ever use their Business Continuity Plan beyond a drill, can now realize about the importance of having a robust and effective one; those that never considered remote working as an alternative, now are being forced to practice it. There’s always something to learn, and how we capitalize this learning is what can make a difference now and in and for the future.
What is happening in the business environment?
With COVID-19 cases growing worldwide, business leaders are scrambling to deal with a wide variety of problems, from slumping sales and stalling supply chains to keeping employees healthy and making sure they can continue working.
According to Harvard Business School professors, the coronavirus pandemic is likely to change how companies do business. And want it or not, organizations will have to learn and adapt to these changes:
· Organizations will develop trust-based cultures with employees.
· Businesses will have to help customers be more helpful.
· Remote work will become strategic.
· Leadership will have to engage people to work together creatively.
· Standard operating practice will be elevated to a new level.
· Supply chain managers suddenly will have a much more difficult job.
· The best leaders will break out of silos and improve workplace culture.
· Employees and buildings will be healthier.
· Face-to-face meetings will be less important.
· Employees will take stock of their new work priorities.
· Supply chain strategy will be rewritten.
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