Unlock-1: Post COVID-2019 Reopening for Reinvention.

Unlock-1: Say Bye-Bye to lockdown, Hello to reopening, Welcome reinvention​

After sudden winding down of the business operations for weeks, companies are being asked to restart their engines at an unprecedented rate as lockdown rules are gradually relaxed. The challenge is complicated by uncertainties about the progression of COVID-2019 and the social, political and fiscal actions that it will drive.

Reopening requires more than a return to normal as nothing is going to be as it as before COVID. There will be a set of business practices pre-COVID and post-COVID. However, because the unpredictable and long-lasting period that follows this pandemic will lead to fundamental changes to economic activity, fast-changing cultural norms, societal values, and behaviors. To reopen and to outplay uncertainty also requires a program of reinvention.

The reopening will be more than just a restart. It will be the beginning of a new era of business. The rules have changed. Employee and customer behaviors have changed. ​​Demand pattern will change. The supply chain has a huge change.

But all this creates new opportunities for the organizations with the courage and foresight to change more than immediate needs demand. For example, many companies have moved partly to the cloud. But, having reduced costs in some parts of the business, now is the time to reinvent and scale cloud adoption across the enterprise, creating a variable cost model and increasing resilience. Those organization, that can reinvent themselves—their business processes, customer experiences, employee and social contracts, supply chain practices, Decision-making practices and do so on; will win the game.

This presents an opportunity—and a need for many companies to build the competencies they wish they’d invested in before: to be more digital, data-driven, and in the cloud; to have more variable cost structures, agile operations, and automation; to create stronger capabilities in e-commerce and security. This agility will be core to the long-term capabilities they build. The entrepreneur should consider the steps they take to reopen as the first in a long journey of wider transformation.

Outplaying uncertainty—by mitigating immediate challenges and building a better future—will 

create organizations that one day look back on the crisis as सुबह होने से पहले अंधेरा |

Good luck

Jai Hind