Remote work: remote desktop apps (TeamViewer), virtual desktop apps (Citrix), office space regulations, DropBox, HR management, re-organization.
Everybody saw it coming, but today it’s penetrating our reality already. All of a sudden, business society has realized that there is no efficiency in the vast number of employees, all over the Globe, running out at 7 a.m. to consume fossils through a traffic jam to end up surrounded with same four differently colored walls, and commencing the “re-wind” algorithm at 17 p.m., 5 days a week, 4 week a month, 11 months a year, in different industries, across countries and continents… wow, what a tremendous amount of working hours that humanity has lost to the time spent in transport!
Remote work, on the contrary, promises cleaner environment, long-term cost cuts, happier employees, increasing operational efficiency and, among other, general increase in lifestyle quality of an individual. We would strongly encourage to allocate resources and update Your business to new industry standards.
Social distancing: less physical contact and interaction, business and social spaces legislation, Contactless Pay services, local food deliveries, Live streaming services, Zoom, WhatsApp, Viber, Skype, Facebook, LinkedIn, Instagram.
Obligatory and voluntary social distancing is giving a boom to customer hours spent online and e-commerce; nevertheless, the competition is even stronger. Get a hold of this opportunity. Make those small things happen to gain competitiveness: think how to approach sales differently, revise & adjust Your marketing strategy and business plans, look for ways to cut costs, differentiate Your business portfolio. I bet those were the things You have been planning for a while already, so now could be just the time.
Private identity digitization: Digital Social Identity, PDPR Act, Artificial Intelligence, Machine Learning, Deep Face Recognition, On-line conferencing, E.Certification.
Have we already mentioned that it’s time to upgrade Your Company employee IT skills and digital literacy? Plan budget to invest in Your HR – it’s vital. Seriously, hire a temporary personal coach for the whole company to stay efficient & increase competitiveness.
Financial instability: looks like global industry business life-cycle has just passed its bottom dead point and is resurrecting from ashes – an ever re-occurring stage of the cycle, creating opportunities for investors and entrepreneurs. Game-changers are born during these times. Embrace the moment!
Nevertheless, at the same time, this cycle stage is dismantling morally old business models and letting weak businesses go, resetting the status quo and triggering uncertainties.
It’s time for repetitive benchmarking activities. Search for and find new solutions and ideas on the market and in the industry. You need to realize that today a Company doesn’t necessarily need to be the game-changer or an industry endorsed leader in order to embrace the opportunity and become a successful investor or entrepreneur. Sometimes it’s imply enough to identify the right person to follow and imitate their business approach, meanwhile looking for new ways to build on it even more!
In times of changing industry rules accommodate all of Your entrepreneurial skills and investor premonitions to adjust Your portfolio, shift market and supply/delivery chain penetration levels, and change the industry even! Think deep. Plan thoroughly. Act big!
Sincerely,
General Manager
Dipl. Eng., B.A.
Mr. Aleksej Ivanov