May 19, 2020
Covid has thrust us into a new worldwide crisis from illness to macro-economic free-fall. Once again, necessity can serve as mother of invention; and, a crisis can serve as the catalyst for fundamental innovation/s to lay the foundation for a stronger future. The actual crisis is that government policy reactions towards the worldwide pandemic have forced businesses to shut down, and that social life is more stringently controlled and monitored (under policies like the Movement Control Order) – a new global phenomenon.
However, this shift to the “socially-distanced” virtualisation of all business models was already fated to happen one day. Covid has pushed the virtualisation of business upon us with immediate effect. Tomorrow’s winners will be those who can quickly master both the business model and business process disruptions.
As business leaders, how do you mitigate the impact of Covid as it upends almost every aspect of your business much like a slow-motion tsunami?
Read more at: https://orchanpr.blogspot.com/2020/05/sustainability-of-brands-in-covid-area.html
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