New Mindset/New Realities
Business's journey into re/entry will be mixed.
Broadly speaking we can expect three types of people.
Those wanting to return to business as usual and with some denial of the need to change.
Others taking the opportunity for radical/wholesale change and innovation.
For the majority a hesitant mixture of mistakes, learning and pragmatism.
Things Are Certain To Be Uncertain
For everyone a lot will have changed. Much of it unknown and yet to play out. Customers, markets and partners will have changed, some never to return.
There are some permanent casualties.
Supply and demand chains will take time to spring back - some broken irreparably.
Many parts of the business will need to be completely overhauled. This is an opportunity of course.
We’ve been given pause - time to think. Many of us will have reassessed what’s important now.
Our values and principles may have changed. We may have changed behaviours forever - or not.
Discovering The New Terrain
Leaders will already be trying to imagine how things will look on return.
How should all the systems work differently in the future.
New ideas are emerging that suggest its time to redefine what skills we will need to avoid the same happening to our business again.
What capabilities will be important and how work could be done differently and better for all.
Leaders will have to make plans to return the business back to scale but with a very different mindset. Business leaders worth their salt will be reassessing everything and hopefully with a determination to create more resilient and, we hope, more purposeful organisations.
There will be tough challenges ahead for many firms and (by most predictions) responding to them will take longer that we would like.
A Few Principles Are Emerging
As a minimum we are already seeing some consistent themes.
Focus will turn to systems and schemes for navigating uncertainty.
Team structures/organizations may well be more distributed/virtual where appropriate.
Workforces could become smaller, more flexible and cross-functional. (Interdependence)
The key business requirement to stay connected and capable will have forced many to adopt new tools.
We may have lost, discovered and attracted new/different customers.
We may have already changed our core propositions, offers and products. We may well have to do that even more.
Green Shoots
A new framework for thinking is emerging.
Attitudes, acceptance for change and behaviours will have shifted. It will be important to understand them.
Some workforces will feel better equipped and happy to do more work from home.
A respect for information, data and insight to power thought processes and sharing may be emerging for some.
Acceptance that resilience, adaptability and agility is a given and a priorities.
New opportunities will be presenting themselves - opportunities we couldn't imagine before and they need to be factored.
It’s becoming OK to question things we’ve always taken for granted.
These developments could well sound the death-knell for the traditional/rigid top-down organization and there will be levels of management casualty.
New Rules for Businesses
This will take time.
In the short-term for the appropriate kinds of business it might mean continuing with a mixture of back to work and remote/virtual working.
It will almost certainly call on leaders to establish new/different behaviours for both modes.
It will call for clear and well defined protocols against the new objectives and vision.
Standards of conversation and communication across all channels need to be dramatically improved.
Mastering multi-channel team communication is key.
Methods and channels of communication and engagement (media) will need addressing and the messages, narrative and marketing will require careful attention.
Information/Insight 2.0
There was already far too much data for leaders to analyse and turn into useful information.
New systems will need to emerge that allow teams to gather, share and translate this ocean of information into useful/applicable insight.
Ingenuity and creativity have to be treated as core capabilities.
Leaders will need to do more with what they have until there’s a return to growth or profitability.
This will drive through focus on objective and breakthrough ideas that can come from anywhere in the organisation.
The new leadership mindset must find ways to harness and motivate creativity at a rate and scale they’ve not managed to do well in the past.
Business must continue to invest in platforms and processes that enable effective collaboration.
For a more distributed and agile business to function will have to continue to develop remote working.
To implement such requirements the business has to to grips with any attendant security and operational challenges.
Leaders will need to be thoughtful and make intelligent choices about which platform for what purpose will be necessary.
Wellbeing must become a vital consideration.
Thought will need to be given to the continued development of a real-world/virtual ‘caring culture’.
Leaders come to terms with the remote wellbeing of people and the non-traditional changes to working hours and performance metrics.
Whether back at work or working virtually, strong leadership, meaningful engagement, and transparent communication is going to be critical to develop trust and enable everyone to contribute fully.