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Change, Action Tip

25 May 2020

Action Tip

How can you reinvent yourself once you’re out of the woods?

The world is unfathomable and brings us – and will continue to bring us – its share of more or less terrible events. Such events represent an opportunity to cross-examine your leadership and your strategy. Seize the moment and ask yourself the right questions: revise your roadmap, examine your role in the situation, and help your team turn the corner.

1/ Revise your roadmap

Crises are the opportunity to question your strategy. Given the changes inflicted by a black swan, is your project still the right one? Does it properly mobilize employees? Ask yourself the right questions:

• Is the organization still aligned with the priorities of the project?

• What would you change if you were starting from scratch? What would be your markets, products, and services? What would be your key missions, your company culture, and your organization? Would any employees or managers be replaced?

• Why haven’t the necessary changes already happened?

2/ Envision a new course

If you need to change your roadmap, ask yourself the right questions too:
How is the company defined now? How would you like to see it evolve in five years, or ten years?

What does it bring to the world that is unique?How would you talk about it to your grandchildren in 20 years?

Summarize your thoughts in a few lines to define the new business project.

Excerpt from Business Digest N°305, April 2020

Tagged with: change, strategy, crisis, management, PDI, covid-19

Published by Françoise Tollet

She spent 12 years in industry, working for Bolloré Technologies, among others. She co-founded Business Digest in 1992 and has been running the company since 1998. And she took the Internet plunge in 1996, even before coming on board as part of the BD team. 