The changing landscape has led to an increased need for businesses to assess the status quo and update their business model quickly. As a result, the required skills and optimal mix of talent are changing, and as McKinsey & Co outlined in their recent article ‘To emerge stronger from the COVID-19 crisis companies should start reskilling their workforces now’, companies are facing a steep learning curve coupled with an accelerating need to enhance the capability of their talent pools.
There are a lot of articles and resources dedicated to helping businesses think differently and adjust post Covid-19. Changing your strategy and business model is inevitable for many businesses, BUT the question as to whether you rebound and survive will all come down to how well you execute on the game plan you put in place. And when it comes to execution, the key determinant of success is the capability of the people on your team.