“To achieve efficiency, this year, the idea of ‘tweaking your budget’ need not happen”. “Re-write it”! We advised. The intention was to help our client achieve organizational fitness. The traditional approach of horizontal extrapolation of numbers cannot work. No company had expected and budgeted for a pandemic. It happened as a shock and has turned the world upside down across all industries. Continued from part 2. If you are to win, you must throw the old strategy out of the window. And get back to the drawing table. Re-write the strategy. And now more than before, you cannot just go…

What about the number of years the business has been in existence? No. Not at all. Historical pre-existence does not necessarily provide immunity to the troubles caused by hard times. The corporate graveyard is full of dead companies that failed to respond to the modern VUCAP – volatile, uncertain, complex, ambiguous, and pandemic times. Many others are on their sickbed. Continued from part 1. Then what matters? It is the behaviours of business leaders and managers that matter the most! It is about the response and recovery decisions taken by business leaders during and after the hard times have struck.…