Develop a thrive mindset for a Post-COVID world
Every business is going through the COVID Shredder, like past crises COVID-19 will pass, however waiting for and wishing for things to return back to normal is probably going to be an illusion. Therefore just surviving the COVID crisis is not enough; there will be a new normal and it is in this context your business or organisation needs to learn how to thrive again.
The four Post-COVID Thrive strategies which will allow you to adapt to the new normal are:
Significant innovation comes from collaborating up and down the value chain with your supply chain and your key customers.
Suppliers and customers have a shared and heightened interest to collectively innovate to find new market opportunities - particularly more so now.
Being able to rapidly digitise your business helps the organisation to not only survive today but positions it for long term success.
Even in a crisis, some sectors’ demand will grow. For example in the COVID-19 pandemic, the following areas are experiencing growth -Government services, IT, Telecoms, Health, Financial Services and Food.
This strategy explores what will be the “new normal”and what will be demanded of businesses to be successful in a Post-COVID world. Waterfield will continue to refine potential scenarios so that businesses can test their evolving thinking on what their thrive business model will look like Post-COVID.
We are keen to understand your business and how we can help shift to renewal and thrive in a Post-COVID world.