The Near Future of Work: The Time for Genuine Transformation Is Now!
Organisations will face difficult decisions about their workforce in coming months due to the economic slowdown. Like it or not, the slowdown is coming, although we don’t know how long it will last. The most optimistic outlook and forecast for many business leaders, to whom we have spoken, is a significant reduction in their business for at least half of 2020.
Consequently, many companies are planning to streamline their operations and will eventually reorganise yet again. No surprise there. After all, reorganisation has become an essential and expected part of doing business, as leaders continually focus on ensuring the survival of their businesses in the face of unanticipated shocks and movements in the marketplace. This focus is exactly what they need to transform their organisations into resilient and sustainable entities in the long run. Any management team should consider this focus as their primary objective, superseding all others, with the result that much less time will be spent on other future management challenges.
The Long-Term Solution
With regards to the coming slowdown, rather than pushing the same emergency button — that is, reducing operational costs, lowering headcount, ditching product or service lines, and so on — leaders have an opportunity…
