LESSONS FROM 2020: HOW TO SURVIVE, STRIVE AND THRIVE
By PADMAJA SREENIVAS, NIKHIL SHANKAR AND SREYANSHA BHATTACHARYA
2020 will remain in our memories for a long time to come. It is the year the world faced uncertainties and challenges at an unprecedented level. Individuals, communities, businesses and countries across the world plunged into uncertainty. The oft-used term VUCA (Volatile, Uncertain, Complex and Ambiguous) world, became too real for comfort. As the world limps back towards some semblance of normalcy, business leaders are restlessly looking to shift focus from survival to growth. There is a need today, greater than ever, for organisations to reconfigure, reinvent, rethink and re-energise.
How to Survive in the VUCA world?
As businesses faced the new reality in the first half of 2020, their ability to be deliberate in their choices, rapid in their thinking and nimble in their execution was tested to the hilt. Most organisations demonstrated agility by acting quickly and adapting swiftly to the changing needs of the workforce. The Best Employer study of 2020 shows that in the race for survival, most companies did a splendid job of addressing their employees’ basic needs of safety, stability, and security during the first phase of the Covid-19 crisis. As those needs evolved, organisations adopted a more sophisticated approach to enter the next phase.
Denne historien er fra March 26, 2021-utgaven av Forbes India.
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Denne historien er fra March 26, 2021-utgaven av Forbes India.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Home-Cooked Meal Is Now Greatly Valued
The pandemic has also brought with it an improved focus on hygiene, use of technology in dining, rise of cloud kitchens and resurgence in popularity of Indian ingredients
Paytm 3.0 - Reaching Near Breakeven In Two Years
As of 2020, Vijay Shekhar Sharma’s super app for financial services had run up losses in thousands of crores. Now, as digital payments gets yet another boost courtesy Covid-19, he’s hopeful of reaching near breakeven in two years
THE PANDEMIC HAS CAUSED WOMEN GREATER LABOUR PAIN
Covid-19 has shown that women are more likely to face the brunt of job losses than men, and find fewer opportunities when they want to resume. That apart, several have to deal with increased hours of unpaid work at home and even domestic abuse
LEADERSHIP WILL BE ABOUT SEEING THE BIGGER PICTURE
Leaders must not only guard their teams first during a crisis, but also deal with stakeholders with respect and dignity. And apart from pursuing business goals, they should remain committed to our planet and the environment
PHILANTHROPY SHOULD BE HUMBLE, BUT NOT MODEST
Apart from building a flexible and resilient framework for the future, philanthropists, civil society and the government must work in tandem so that every rupee is absorbed on the ground
INTEGRATED HEALTH CARE, TECH WILL DISRUPT SECTOR
While clinical research will get a boost, having a skilled workforce and public spending on health care will be challenges in the near term
DIGITALISATION WILL HELP IN VALUE CREATION
As the pandemic brings technology and innovation to the core of business and daily life, the next decade will see about 150 million digital-first families in India
Industry 4.0: Climate Revolution?
Augmenting sustainability alongside digital capabilities is an economic, competitive and global opportunity for India’s businesses, but regulations need to reflect intent
EV Dream Still Miles Away
Electric vehicles have remained a buzzword in India for years. But not much has moved on ground due to high upfront costs, range anxiety and charging infrastructure
Living Waters
A virus has caused us to scramble for oxygen but our chokehold on the environment is slowly strangling the very waters that breathe life into us. The virus is a timely reminder: We are merely consumers, not producers of life’s breath on this planet