As leaders, we all must look hard at our business models and consider how to adapt to this new, virtual-first world. Even if we think this will be for a limited time, the changes and challenges we are currently experiencing may have a very lasting impact. So, let’s adjust now.
What is it that has really changed?
Companies need to create new business processes and models to execute on a smaller presence in offices and larger work-from-home situations, all while adhering to regulations and compliance.
Companies need to speed up the pace of innovation but now to do it from home, leveraging cloud-based environments and development tools.
All companies should be thinking about their customers and how to better service them in this virtual world. Now is the time to get closer to your customers than ever before. Help them succeed and then so will you.
Will this crisis come and go? Yes, of course it will. There will be plenty of companies that fail during this time but also many that flourish. The ones that flourish adapt quickly, are responsive to these changing markets and grow stronger navigating these waters with their customers in mind.
Time for a change.