From crisis management to strategic business rebuilding
The initial phase of the COVID-19 pandemic has plunged businesses into crisis management mode. However, it is now critical to start focusing on strategic business rebuilding.
By co-developing and facilitating strategic planning session(s) − virtually for now or in-person when safe to do so − we help executives anticipate the “next normal” and reimagine the future of their business.
Confronting uncertainty and ensuring nimbleness
Traditional strategic planning is ill-suited to the unpredictable nature of the pandemic. How will it continue to unfold? What will be the full extent of the economic impact? How will the behaviours and expectations of customers or employees evolve? What will be the long-term implications for supply chains? Etc.
Therefore, it is critical to confront this unprecedented levels of uncertainties by developing scenarios and devising strategies built upon “no-regret moves” that work across the various scenarios.
In addition, to ensure successful execution and adaptation, strategic planning must be done with nimble change management in mind.