Summary: The fourth industrial revolution—riding on the back of data and analytics—was already underway as the COVID-19 pandemic struck. A faster and fuller adoption of this revolution will help companies get onto the path of recovery faster.
Summary: Busting the following myths:
MYTH 1: Our leaders are good at what they do
MYTH 2: Leadership education is done well
MYTH 3: Leadership is for leaders
MYTH 4: Leadership is the same as management
MYTH 5: Leadership is about being the smartest person in the room
COVID-19 has effected a clear shift in consumer behaviour, but will it stay for long? I would like to submit that some of the changes may stay a lot longer. The use of digital technologies for education, work, and entertainment will continue to grow.
COVID-19 has invariably shaped a new buying paradigm, but businesses have umpteen ways to leverage it. What are the changes in consumer behaviour and how brands and retailers can help to provide specialised services?
In the wake of the COVID pandemic, people are unsure about the economic situation, employment scenario, and earnings. Long-term planning is passé. Companies need to periodically reassess the business environment and explore ways to rebuild consumer confidence, especially during difficult times.
‘Just-in-case’ learning, around which present-day education systems are mostly built, are ill-suited for the ‘just-in-time’ business world. We should expect a number of experimental approaches as our tech world attempts to ‘crack the formula’ for future education.
We do not know how long the crisis will last and the broader ramifications are likely to be with us for even longer. The ‘Phoenix Encounter Method’ is a sure-shot way to leverage disruption and reimagine businesses, thereby creating a new future.
Busting the following myths:
MYTH 1: It is all about the money
MYTH 2: Quotas and other business-related goals are motivating in and of themselves
MYTH 3: Goals do not have to be in writing
MYTH 4: Once I write them down, the universe will magically turn my goals into reality
MYTH 5: Any goal is a good goal
When it comes to innovation in the war for talent, one of the most frequently asked questions is still: “In which technology do we need to invest?” when it should be “What kind of experience and culture do we want to offer our employees?” Organisations need to view employees through a new lens, and invest in offering them a meaningful and valuable experience—just as they do for customers.
Even once the threat of COVID has passed, it seems unlikely that offices will return to the pre-pandemic stage. Since, we now know that virtual working works on a large scale, instead of trying to return to the old normal, it makes sense for smart managers to tap into the mix of hybrid working situations to come up with the best for the organisation and the individuals who work in it.