What Has Business Learned from COVID-19?

Blog

 

In this post, Bernie Heine identifies what the business community has learned from the Coronavirus pandemic. 

We are all learning to live by the new rules in all aspects of our existence; we also realize what we can do.

For the past ten months, businesses all around the world have faced various challenges. Some have suffered terrible losses. However, others managed to emerge from the crisis more potent than ever – even without proper coaching. We continue to see how flexibility stands out as a prominent feature that often determines the fate of a company.

Many business lessons learned amid COVID-19 are here to stay, and that, it turns out, is a positive thing. 

Agility Means SurvivalAs gamers will know, building a fighter’s agility is crucial in many fighting games. Strength, dexterity, and health are vital, but it’s agility that will determine whether you will beat or be beaten. It’s similar in business; flexibility will decide if you will sink or swim. During these turbulent times, it is of the utmost importance to have the ability to assess the situation instantaneously and have quick reflexes. Only then will you succeed in adapting to newly developed conditions and ensure survival.

The sudden explosion of the COVID-19 pandemic left many businesses with their back against the wall. They had to make the decision, and they had to make it fast. Were they going to try and adapt or close their door for the unforeseeable future? The rapidly changing business scene has forced many to get out of their comfort zones. In some cases, such actions have revealed the companies’ hidden weaknesses. The smart ones used the newly acquired information to their advantage, fixed the underlying issues, and got out of the gutter even stronger.

 

Key points include:

  • Increasing the talent pool
  • Fostering productivity
  • The need for social interaction

 

Read the full post, 5 Business Lessons Learned amid COVID-19, on ProfessionalBusinessCoaches.com.