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The end of a year is always a good time to reflect and plan for the year ahead, and this is especially true when that year (or two) has been particularly challenging. When reflecting on my last year, one stand-out moment was getting to hear Shark Tank’s Daymond John speak at ASA’s NETWORK conference in Las Vegas this November.
As the world starts to emerge and settles into a “new normal,” I don’t think we will ever forget the year and a half we’ve just lived through. The keys to business survival include taking a long-term view, the willingness to change when necessary and the insight to know when not to, and the agility to be able to act with speed.
As people continue to get inoculated and children return to in-person learning, hopefully this is light at the end of the tunnel with the pandemic and people can feel safe to return to work.
The impact of tariffs on pricing models can significantly complicate price management. Without proper handling, trade policy changes can not only put companies at risk for non-compliance, but also compromise their margins, volume and competitive advantage.
This week, you will be selling to a much more fearful market than you were working in last week. At least equally importantly: your competition is uncertain, cautious, and afraid too. What do people do in times of intense fear? They go into a defensive shell.
It’s important during times of crisis, such as we are experiencing, to maintain a calm, collected brand voice and keep the channels of communication open with customers, team members and stakeholders.
As the COVID-19 pandemic has spread across countries and industries, the commercial construction industry has found varied methods to adapt to changes in workforce, funding and supply chains. Project and construction managers need to not only adapt to the impacts of the current climate, but reconsider plans in order to help mitigate ongoing damages and delays.
Currently, at least 12 states have issued stay-at-home orders thus far. All shut downs include exemptions for “essential” operations. There is no consistency around the scope of what constitutes an essential business or service, forcing these decisions to be made locally.
UnleashWD Innovation Summit 2019 has wrapped up and once again, I’m bouncing off the walls with the energy created by all the smart, engaged, creative people I met.