Survive | Revive | Thrive

Come, lets play truth or dare to know your preparedness about this crisis and what are the chances of your survival and revival? But remember, you are the single player and no one is around! Is your business adversely or moderately affected by COVID-19? Have you gauged its impact for both short-term and long-term? How fast your industry landscape is witnessing structural changes and how are they likely to impact the way you build and operate your future business? What will be the “new normal” after the pandemic subsides and how to transform your business to match the evolving consumer behaviour? How to communicate to your existing customers about the relevance of your products/services while they are thriving just on essentials? How to prioritize your expenses and investments towards turnaround plan?

If you have truthful answer at every time your bottle rotates, you may skip further reading and keep doing what are at or else you may need to invite a second player to play this game better.

Factoryal can help your business to turnaround and make your business thrive in the “new normal” mode. During the crisis, playing the game is more important than winning and hence survival is need of the hour for the businesses which are greatly affected. Survival is not about mere cost cutting and layoffs but more about securing the existing customer base and provide them the outstanding customer service and/or by calibrating the customer value to the “new normal” and/or how do you stand-by your customers during the times of crisis or how to build the distinct capabilities to emerge as strong contender. A solid survival plan helps your organization to breed the trust among your employees, consumers and helps you to tap the potential once the market revives.

Keeping your capacities and new capabilities at the bay to meet the surge in demand after the lockdown is highly critical. However, the competition landscape will not be the same, your workplace can’t be the same, your business processes may not function as earlier or your marketing & sales mix may be completely altered or your customer service approach may become irrelevant; given the imposition of strict regulatory protocols. Hence, establishing a safety-first work culture, digital-savvy employees and contactless service fulfilment approaches are likely to revive the organizations faster than the ones who aren’t prepared for it. Factoryal will help your organization to revive its glory and capture the surge in demand once the market resumes.

Thriving after the crisis with strong and multi-fold growth is what makes your organization differentiate from the crowd. Economic crisis or a black swan event is always a perfect to time to revisit your business strategy, pivoting your business model, brand revamp, launching new products/services, tap the new customer segments, entering new markets, invest in digital transformation and/or acquiring distressed competitors or any other strategic imperative which is long pending. Factoryal can help you unleash the most appropriate strategic imperative that can you help your organization thrive and evolve as the most valuable enterprise.

Survival is essential, revival is discretionary, thriving is desire! If your business is hit by #COVID19 and if you are dillydallying over its turnaround and recovery, find out how Factoryal can help you bounce back and rally again. Schedule your free consultation session today!

To talk to #DutchUncles @ #Factoryal, call on 988-545-8486.