Go - Old or Bold
What can we learn from new on-line shopping habits and unassociated large corporations, who have responded well to the economic crisis?
That Pandemics are a perfect launch point for paradigm shifts. Old habits vs. new behaviors which will you support in your business RESET? “According to BCG’s survey of leading firms, May 2020 only 39% of companies had modified their investment and capital allocation plans to target new growth drivers, and only half had made investments in new business models”. An old habits mindset lives on, in 50-60% of the leading firms surveyed.
Learn from companies navigating crises well, they cut expenses and invest in new growth initiatives. Digitize yes, once you have redefined your business model, then digitize for business model innovation only.
Reset and Grow