Disruptions, Disasters, Changes, Challenges, Opportunities, Way-forward and Road-maps

In this article – I have listed and highlighted the Changes, the Disruptions, the Disasters, the hidden-Opportunities, the Way-forward and the Road-maps Post-Covid19 vis-a-vis our basic human needs.

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Here You will get exposed to

1.   38 Key Focus Areas – if You are the chief of your business – AND have to create momentum for your business

2.   29+ CORE Sectors - where Changes, Disruptions, Disasters, Challenges, Opportunities Exists

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It is definitely not going to be easy finding long-term winners – YET – businesses and people are going to identify them AND they would be the trailblazers and new economy drivers.

During this current mammoth crises – it is very easy to predict failures, losses and write-offs [although that is happening at a greater rate too than anyone could ever have imagined] .

YET opportunities of immense proportions exist too within.

Reopening economy after almost complete shut-down is something that has never before attempted - much less reopen it in the setting of an ongoing pandemic.

There is no returning to earlier-normal - But certainly we have to discover and create a new way-forward.

Most of us can't be expected to have proven strategies and action-plans which could handle this type of complex uncertainties and chaos.

The best outcomes will come from common sense, presence of mind and agility to spot the changes, trends and find opportunities within AND from acting on them immediately – without waiting for the perfect moment.

If we fail to take actions fast – chances of getting run over from our competitors who could be responding faster – is very high.

We also have to disrupt the existing business and revenue models, marketing channels, products, services and current-value-offerings by changing strategies and assumptions – while maintaining the momentum.

We are in the midst of the largest decline in demand and fall in consumption - in the history of mankind.

And this pendulum of consumption and demand might not swing back fully once the outbreak has been managed effectively.

All our consumers are recalibrating their spending behaviors and mindsets - having been jolted by such unprecedented shocking, upsetting and uncertain changes.

Unless our consumers decide to accept sickness and death as acceptable byproducts of their interactions – it is unlikely the economy will fully recover.

This crisis has also unlocked a lot of creativity in people – and in all professions people at every levels are experimenting and developing new concepts – but- not every concept will be widely adopted or would become a long-term opportunity.

29+ CORE Sectors - where Changes, Disruptions, Disasters, Challenges, Opportunities Exists – kindly add whatever sector, field, areas I have missed

Many of these changes are paradoxical – that is why there are opportunities hidden within them

I.            OUR SOCIAL Needs

1.   MAN IS BY NATURE SOCIAL – OUR SOCIAL-NEED - to relax, to entertain, to travel, to party, to have large gatherings and interactions -like big weddings, sales-events etc. etc.

2.   Earlier people could leave their houses to go to movie theatres, go shopping, buy anything that pleased them irrespective of its value-life, purchase non-essential goods and used to travel domestically and internationally more or less freely.

3.   Will these come back to those standards and levels - we had become used to – DIFFICULT to SAY – it may come back to more relaxed situation. BUT WILL IT come back exactly to the SAME level BEFORE SAY JUNE 2019 – DOES NOT LOOK LIKELY

II.           Need for Extensive Activity monitoring Tools

1.           Remote learning (training centers and

2.           universities) will have to have tools to identify and track students to prevent cheating say during examinations etc.

3.           Working from home also may need similar tools

4.           Many employers want to see track what heir employees are doing during official working hours – are they delivering the value and tasks they are supposed to

5.           Our customers would definitely want to feel reassured about the health-safety aspect  in the supply chain – like whether these employees are safe

III.         BELIEF IN GOD – even this is an opportunity for the creatives to encash

1.   For many people their belief in God would be completely shattered

2.   On the other hand, many will embrace GOD and religion with more

IV.         Mental Health

1.   Mental Emotional Issues getting created because of Job and livelihood loss

2.   Losing the savings OR dipping into the next build for retirement or special events

3.   Frustrating job searches

4.   Relationship issues

5.   Children welfare issues

6.   Inability to adjust with newer realities, shocks, upsets and chaos

V.          Our Relationships

1.   Especially parental, marital - Due to staying together in close proximity for extended period

VI.         Dating, Courtship, Love-birds

1.   This category gets impacted very badly – with the hotel, gyms, movie-halls, shopping-malls getting impacted

2.   All these would make love exorbitantly expensive

3.   Newer ways and spaces to meet has to be invented

VII.       New technologies in Health Monitoring

1.           Telemedicine and Tele-medical-Consulting

2.           Strangely the private-hospital revenues have seen drastic reductions - as people are afraid going to a clinic/hospital where there could be a high chance of getting infected

3.           Elective procedures have been postponed

4.           Some types of OPD Patients may prefer online consultations with doctors

VIII.      Legal Scenario

1.           This industry was never considered as something for online/remote

2.           The benefits of introducing remote and digital tools in this fields are unimaginable

3.           But then the challenges too in authentication, fairness, accessibility, privacy etc. etc.

IX.         More effective Remote work tools

1.   All of us know how ZOOM became number one in matter of days during lockdowns

2.   Most of the work conferences will happen remote and online

X.          Our Jobs

1.   We were used to going to work, commuting daily, having a break from home-atmosphere

2.   For many of us – the home was a place to come back to – to relax – to leave all worries of our outer world OUTSIDE

3.   Now with – many organizations discovering the huge-cost-savings of WFM – working from home

4.   Many jobs would either be redundant or made strictly in WFM mode

5.   So the types of dynamics at home would undergo tremendous change – some positive and some definitely stressful

6.   Now if your organization allows – going to work may feel like going for vacations

7.   With many jobs not being needed – all of us get ourselves re-skilled into something that can make us earn money to survive

XI.         Education and qualifications

1.   With global recession, mass-lay-offs, businesses and industries closing down as well as collapsing – the opportunities for many of the standard courses would vanish

2.   Universities and institutes will have to come up with new skills-based courses which are needed right now

3.   Certificates, diplomas and degrees may have value if only you have come out the top ones

XII.       School, Colleges and Universities

1.   We have to get used to children, student and teachers – doing studies through various channels, medium and spaces

2.   The way things are taught and learned is going to be different

3.   Newer and newer methods and tools are going to invented and used

XIII.      Commuting - for full read "Changes, Disruptions, Disasters, Challenges, Opportunities, Way-forward and Road-maps NOW" in Success Unlimited Mantra's DIY blog section "From the Heart of Subhashis"

38 Key Focus Areas - You are the chief of your business

[This part of article deals with 3 major aspects of leadership]

A.  Creating the right Mindset and basic understanding

B.  Key focus areas for strategies

C.  Opportunities to encash

All these three are given RANDOMLY – so please divide them under the aforesaid category yourself – even if you don't it would still be adding value to unlock and create flood of ideas

1.   Focusing on operational excellence, superior execution and maximizing value to all the major stakeholders

2.   Identifying the challenges as well as the opportunities [ the new business and individual growth opportunities] hidden under the maze of confusing Big-data and false assumptions

3.   Repositioning yourself and finding the cusp of scale-up

4.   Expectation of disruptions – and designing strategies based on these and readjusting them sharply with newer developments and disruptions

5.   Responding to radically changed situation and taking drastic measures to survive, pivot and sustain

6.   Accelerating transformative processes

7.   Strategic discipline to balance - Future Exploration, Growth Opportunity Identification and Business Model re-Design

8.   Coping solutions from frontrunners

9.   Incorporating the new normal of Low-touch interactions [which are causing permanent industry shifts] - with severe health and safety measures, new human behaviors etc. etc.

10. Mitigating the impact of the crisis- both at the macro and micro level – in fire-fighting mode

11. Successful companies in this era will be those that adapt their business models to work with the different health measures and other challenges that Covid-19 presents.

12. Reduced physical interactions between employees and consumers is one of the most noticeable constraints on business-as-UNusual

13. Society is restarting, but not everything may feel normal or we may never ever experience the pre-covid19 world.

14. People are getting used to health checks, masks, rearranged workplaces, delays, less social interactions – this may create the new normal which will certainly feel normal withing few years.

15. Certain industries will take a long time to recover. For instance, travel bans and limitations on large gatherings will impact the tourism and event industries for years to come.

16. Fixing Broken relationships with customers

17. Dealing with Instant drop in demand

18. Managing sudden drying up of Cash-flow

19. Many service businesses need to rethink how they can create an effective way to give the consumers even better experiences without having large groups of people interacting with each other

20. Should you decide to move away from B2B to B2C your core business, you will most likely end up with a different business model

21. Be prepared to see, learn, adopt and customized the multiple experiments launched by the large corporations when they try to tap into changing market needs

22. The challenge is evolving – the situation from employee's perspective  

23. Support and protect employees in this VUCA world. Companies have activated no-travel and work-from-home policies for some workers and physical-distancing-at-work measures for others.

    I.       For remote workers, interruptions are more frequent than in the office.

   II.       Making a mental separation from a sometimes-chaotic home life is tough.

 III.       Workers are finding that they don’t have the skills to be successful in an extended remote environment, from networking to creating routines that drive productivity.

 IV.       They worry that staying remote could make them less valuable, especially in a recessionary environment.

  V.       Companies need to increase communication, balancing the needs of the business with expectation setting and morale building, so employees know that their well-being is top of mind. They also need to change working norms, making remote work practical and simple whenever possible.

 VI.       And of course, they must protect people’s health, with whatever measures are appropriate to the workplace: positive hygiene habits, personal protective equipment, amended sick-leave policies—whatever it takes to ensure health and safety.

24. Improving the experience of customers – - for full read "Changes, Disruptions, Disasters, Challenges, Opportunities, Way-forward and Road-maps NOW" in Success Unlimited Mantra's DIY blog section "From the Heart of Subhashis"