{"id":2982,"date":"2021-08-09T11:00:00","date_gmt":"2021-08-09T01:00:00","guid":{"rendered":"https:\/\/www.focushq.com\/?post_type=fhq_free_resources&p=2982"},"modified":"2021-09-27T17:08:36","modified_gmt":"2021-09-27T07:08:36","slug":"business-reset-after-covid-19","status":"publish","type":"fhq_free_resources","link":"https:\/\/www.focushq.com\/free-resources\/business-reset-after-covid-19\/","title":{"rendered":"\u201cResetting\u201d Your Business To Thrive Post COVID-19"},"content":{"rendered":"\t\t
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As the world emerges from the current pandemic, a large number of organisations had to make fundamental shifts to manage the social and economic requirement that’s imperative for the business environment and personal sustenance.\u00a0<\/span><\/p>\n

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As a result, many organisations are embracing new ways of working and exploring how they can set themselves up on the right trajectory for growth while innovating and managing costs.\u00a0<\/span><\/p>\n

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However, after more than a year and a half into the pandemic, learning to survive, revive, and thrive in the new world order that determines a new set of winners and losers is still particularly daunting. In fact, many companies have gone to the wall, and at the very least, many companies have lost their overall global competitiveness. \u00a0<\/span><\/p>\n

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The world has experienced a global disaster that will undoubtedly lead to a once in a generation business reset.\u00a0<\/span><\/p>\n

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For this reason, this article is intended to help you plan, prioritise your work, and execute to emerge with a competitive advantage in a post COVID-19 world. \u00a0<\/span><\/p>\n

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Table of contents:<\/strong><\/span><\/p>\n

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1. Resetting your business in the scenario post COVID-19: Short background\u00a0<\/a><\/span><\/p>\n

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2. The hare and the tortoise: A children\u2019s story that tells you how to reset after COVID-19<\/a><\/span><\/p>\n

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3. Reimagining your business through re-prioritisation \u00a0<\/a><\/span><\/p>\n

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1. Resetting Your Business In The Scenario Post COVID-19: Short Background<\/strong><\/h2>\n\n
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Globally, the way organisations work and engage with their customers, partners, and employees will be very different in a post COVID-19 world.\u00a0<\/span><\/p>\n

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This<\/a> report taken from McKinsey to June 2020 reminds us of the enormous global disruption that took the world by surprise. Already at that time, the report highlighted the major opportunity that organisations have to reset the way they think to become one of the great post COVID-19 players and therefore improve their global competition. \u00a0<\/span><\/p>\n

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Although the report dates back to 2020, it still gives us a great opportunity to gain a good understanding of the COVID-19 implication for businesses as the pandemic is still ongoing, and many organisations still need to focus on healing and prepare for the next normal.\u00a0<\/span><\/p>\n

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So, more than a year after the emergence of COVID-19, some organisations are still working on projects that they shouldn’t be. They are working on projects that might have sought a different solution with a little more time.<\/span><\/p>\n

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Or, they are working on projects that, while they will satisfy the short and medium-term requirements, might have built something that is much more scalable and would give them access to potentially even a different customer base. \u00a0<\/span><\/p>\n

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As a result, it became even more clear that the pandemic will create \u201cnew winners and new losers\u201d across the business world.<\/span><\/p>\n

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However, if organisations find the best ways to innovate and prioritise their work, then they\u2019re on their way to rebuild a winning company and thrive.\u00a0<\/span><\/p>\n

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Now, you need to be aware that everyone wants to work with winners. The best part of building a winning company is that it brings with it all that goes with winners. So, you end up with the best leaders, employees, customers, and partners. And even better still, you will create a brand that attracts investment while having the necessary funds to innovate.\u00a0<\/span><\/p>\n

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In other words, you will become one of the winners, and the competition that fails to pivot at this particular time with the same insight and the same focus will be left behind.\u00a0<\/span><\/p>\n

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So, if you\u2019re still looking for the best practices to adapt to the new reality, you need to understand what is the high impact work and prioritise it accordingly. You can no longer focus on a backlog of work, as you need to completely reset your work around the value that it will add to your overall productivity agenda (short term, medium-term, and ultimately long-term, while remembering that it\u2019s got to be sustainable for the long term). \u00a0<\/span><\/p>\n

So, what are the questions behind the questions that you need to ask yourself in order to reset your business and reimagine your business model?<\/span><\/p>\n

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