5 Ways to Position Your Business for the Next Normal

Sally Kintz
February 19, 2022

“Never let a good crisis go to waste.”  – Sir Winston Churchill 

The COVID crisis will position every business for the "Next Normal". Will the position be positive, status quo, or negative? Visionary companies will use specific strategies to use any crisis to their advantage. According to research by global leaders like IBMDeloitte, and McKinsey & Company, businesses that turn COVID into a (non-virus) positive will approach the future in these five ways:  

1. Purposefully 

A crisis is a magnifying glass. The people, products, processes, and relationships that are  essential come into sharp focus. So do gaps in service and opportunities that may have been  overlooked before.  Businesses should enhance and elevate the “essentials” and find ways to:

  • Reward loyal customers. 
  • Tailor experiences around products used the most during the crisis. 
  • Expand processes that delivered extra value and comfort. 
  • Anticipate what the next logical evolution of the products and services could be and deliver them right when they are needed. 
  • Act on feedback from new and underserved customers.  
  • Strengthen collaborations with partners and vendors now to prepare for future disruptions. 

2. Virtually

It’s no secret that COVID has accelerated the use of digital or virtual channels and products.  Companies positioned to advance will expand these opportunities, specifically after reviewing  data on how and when they can increase efficiency and links to customers. This analysis,  combined with anecdotal feedback will determine when to dial back on digital expediency and  when to tune in to more authentic, in-person methods.   

KEY FINDING 
Finding a balance between virtual and in-person operations may be the biggest way to succeed in the long term. According to April 2021 business findings by McKinsey Management company, 60% of companies said that remote sales operations were 30% more effective than traditional face-to-face methods. 

3. Urgently  

Companies that waste a crisis will slowly return to the status quo when it comes to operational pace and job descriptions. Businesses that refuse to return to life before COVID will: 

  • Re-mix job descriptions. 
  • Speed up processes and delivery systems. 
  • Accelerate cross-training.  

McKinsey found that many leaders will check in more often with their teams to learn what is working and what is not. In a matter of hours, they will solve problems, pivot, and create new ways to deliver better service and more valuable products.  

4. Nimbly 

Many traditional processes and organizational charts are far from nimble. Even how companies match talent with tasks should shift to ensure a competitive advantage in the future. Deloitte, a global consulting group, shared that organizations are learning to connect the right employees to the toughest challenges, regardless of where they fall on the employee chart. According to both McKinsey and Deloitte research, successful leaders will:

  •  Simplify the company hierarchy. 
  • Make their organizations flatter.  
  • Delegate decision-making to dynamic teams based on tasks, not departments.  

5. With a Distinct Human Touch

If COVID taught us anything it is that we need thoughtful human connection. McKinsey and Deloitte share that progressive companies will use this lesson to focus on employees and customers. They will take the time to ask, consider, and review how employees perform best. In fact, 61 percent of CEOs in a 2021  Deloitte survey said they will re-imagine how employees work compared to just 29 percent the year before. People-centered companies will:  

  • Re-imagine work and offer unique experiences that recognize and develop talent. 
  • Be more active in serving the mental health of employees. 

KEY FINDING 
An IBM study showed that 80% of CEOs and 46% of employees shared that supporting the emotional and physical health of the workforce was important. 

  • Place more value on character and results than experience. 
  • Invest in skills training  

KEY FINDING 
74% of leaders indicated to the IBM Institute for Business Value that they will invest in employees to help them learn the skills needed for the future of work.  

  • Prioritize feedback based on value to consumers 
  • Question assumptions and test new markets 
  • Focus on the health and safety of individuals and communities 

To stay on the positive side of any crisis into the "Next Normal", it all comes down to perspective. Approaching the future in the five ways listed above will help any business turn any unforeseen circumstance into far-reaching and creative opportunities.

Need help planning for your future? Give Poole Communications a call. For less than 1 full time employee, we can handle all of your marketing needs. Let us be your Marketing Department and grow your business to the next level. 

©2021 PooleCommunications.com

Sign-up for more 

insights, tools & tricks.

other posts

Poole Communications
108 North Third St, Suite 100
Hannibal, MO 63401
573.221.3635
info@poolecommunications.com
 ©2021 Poole Advertising, LLC DBA Poole Communications
linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram