Presently industries are going through VUCA – Volatile, Uncertain, Complex and Ambiguous world. Change is non-linear and exponential. There are stiff and extreme challenges for industries and businesses – more particularly for SME’s and unorganized segments – to survive and how to serve all stake holder involved in business chain.
While we take snapshot of industries before pandemic outbreak, our economy was on decline and we had started moving towards recessionary phase – from stagnation to recession. GDP was going down, fiscal deficit was not in control. To fuel this situation further, pandemic outbreak happened.
Pandemic crisis is an unprecedented one in the history of mankind and caught the entire world by a big unpleasant surprise. The major challenge for the entire global economy was to sustain the Business Continuity.
Crisis has brought the world to a standstill – to a juncture from where everything seems uncertain.
In any major economic disruption, some industries are dropping, some are hit hardest and others are gaining.
Pandemic outbreak has severely impacted the health and well- being of people. It has also affected their behavioral patterns and daily routine – ripple effect stunned work, life, human behavior and economy.
As we adjust to life, our behaviors and habits are quickly changing. What will be the impact of these changes on the organizations and industries around us?
It’s time to show resilience.
While big companies have the financial ability to tide over the crisis for some time, SMEs / Small Businesses are at survival disaster.
All enterprises will experience challenges in securing new clients, renegotiating existing contracts, and declining revenues. All these exerting pressures on cash flows forcing organizations to reengineer business models to reduce costs, to increase employee engagement.
Manpower is the biggest asset of any organization / business. It is Management responsibility to align human resources to organizational goals, vision.
What about the availability of trained workforce in India? is question normally put forward. Yes, this needs to addressed at various fronts right from whether our education system is capable to create skilled human resources. Organizations / businesses also must create environment within organizations to reskill, upskill people on various hard and soft skills – both necessary to thrive in uncertain business environment.
There is famous and most apt quote from Albert Einstein : “In the middle of difficulty lies opportunity”
It’s Time for action now.
Agility is NEW NORMAL. (STARFISH). Whether businesses follow: Starfish or Spider Strategy.
There is famous Management book:
The Starfish and the Spider: The Unstoppable Power of Leaderless Organizations by Ori Brafman & Rod A. Beckstrom
If you cut Spider, it dies. Whereas, if you cut Starfish, it grows into entirely new Starfish i. e. Rigid or Adapting rapidly to challenging circumstances.
Since competitiveness is constantly moving target, agility is a strategic asset for company. Need leadership to run company both flexibly and efficiently.
We at PRABHODIT Management Consulting has PURPOSE to contribute to organizations / Businesses to bring PURPOSE and align Human Resources / People with Vision & Mission of Organizations. We help setting right priorities and support organizations to manage priorities. Employees are biggest asset and each one is different and unique.
PRABHODIT combines –Management, NLP and Human Behaviour / Psychology knowledge to bring, to arrive at right solutions.
We address various questions such as à whether employees are aligned to vision of organization , whether available talent is delivering 100 % , how do we engage people .
PRABHODIT identifies issues / problems, analyse issues, work on solutions, implement and measure solutions. We offer solutions to various verticals: Manufacturing, Education, Construction, Hotel, Hospitals etc.
Let’s know your pain area and we will offer actionable, measurable solution.
