Recap of June Mastermind
Has Your 3, 5, 7 Year Strategy Changed?
The pandemic brought about a number of changes to the ways in which strategies are deployed to achieve company and personal goals.
- Operating against a robust Proforma
- Clarity of vision throughout the company
- A management team comprised of effective communicators and leaders
The above items are all tactical tools that provide early warning systems and consistent feedback so you can adapt the procedural elements of your day-to-day operation in a timely and effective manner.
THE WAR OF HUMAN CAPITAL
In this volatile economic landscape, Business Owners are now having to deal with the changing face of HR. Issues they are now facing include: retaining employees, establishing metrics to measure remote employee activity, and the reconfiguration of real estate utilization.
SURVIVAL OF THE FITTEST
Businesses with strong strategic planing and financial management were able to adjust, adapt, and thrive. However, those who did not have an established framework were reactive to the pandemic and found themselves in a struggle to survive.
FOCUS ON SUPPLY CHAIN
The pandemic has exposed many critical threats to conventional supply chain management that are taking center stage in operations around the globe.
- Cross boarder logistics
- Intergovernmental discord (embargoes, sanctions, tariffs, etc.)
- Shortage of a logistics workforce
- Vertical scalability
A new assessment of the well to wheel risks and impacts is being undertaken by business owners with an urgency we haven't seen in decades.
ZOOM CAN'T REPLACE FACE-TO-FACE
What the pandemic did not do was diminish the need for personal contact. Although services like Zoom have made it possible to stay connected with personnel and customers, it must not entirely replace face-to-face interactions. We need direct contact where we are able to personalize the customer and employee relationship, which is necessary to gain an edge on your competition.