Covid-19 Impacts

When Corona Virus (Covid-19) was declared a global pandemic the world almost came to a halt. Companies were compelled to implement immediate necessary changes to their operations in order to adapt to the new "normal".

Re-configuring and reinventing: It is critical that companies continuously move in the right direction as the pandemic shutdowns continue. Businesses that have change ingrained in their culture are likely to do better in uncertain times.

A crisis like this brings new opportunities and should be a trigger to explore new directions. A recent study shows that sustaining innovations developed during a crisis often yields a positive impact in the long run as opposed to organizations that cut back innovation budgets.

What is your take away from this crisis?