IT’S TIME TO PUSH THAT “STRATEGY RESET” BUTTON!
As the impact of COVID-19 continues to be felt globally, many (if not all) organisations must rethink their vision, mission, organization structure, the way they deliver services, the products they offer, their relationship with consumers, and their role in the community. This will require pushing the ‘reset button’ as opposed to simply resuming business as usual. It is time for all professionals in the public and private sectors to ask themselves (at the individual level), three simple questions: Am I relevant in the future? Will the institution I serve remain relevant to it stakeholders? And thirdly, an even more useful question must be answered: How do I remain relevant in this fast shifting global operating environment (that will soon have zero space for poor planning, or sloppy performance, or corruption, or digital ignorance).
It really can’t be business as usual anymore – For years, many organisations have built their annual strategic plans by modifying plans made the previous year (yes, you know yourselves). No major changes – more iterations than complete rethinking of what needs to be done in the upcoming year. All of that changed as a result of the COVID-19 crisis. This pandemic has tested every component of the traditional business model. Employees were told to work from home, offices were closed, consumers lost their jobs, and new products and financial solutions were thrust into the ecosystem. This challenged every policy most companies had. And instead of this change happening over a period of years, it happened overnight – literally.Let us help you reset – Now is the time to completely rethink how your organization creates a new path for the future. This will require new strategies, tactics and priorities that will support a new workplace environment, enhanced levels of consumer commitment, increased use of new technologies, commitment to innovation, and a sustainable value proposition that helps the community and the nation. The question becomes: What will it take to get beyond this crisis and be successful going forward? More importantly, what new assumptions and objectives must be put in place now that everything we had assumed only 4-6 months ago is no longer relevant? Call GGF Africa and find out how you can reset to move forward.