In the second half of 2021 businesses should be ready to “run” in a new and quite different environment. Of course, until then, the primary issue is their survival so that they can successfully overcome any difficult transition in the second half of 2021. To be ready for the upcoming increase in overall demand that will cause growth, businesses should:
1. To have ready a well-designed and financially secured investment plan respond to the needs of the market. The momentum in business for investment may be high but the maturation of a capital-based investment plan alone is not the only parameter that will make them successful on the road to growth.
by Thanos S. Chonthrogiannis
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2. In any way their administration avoids the temptation to lead the states back by adopting the ways it operated before the recession. In the new era that is beginning to emerge, new structures and ways of working are needed that reflect technological and social pressure for different ways of achieving results.
Delays in transformations for cost-cutting structures should be avoided at all costs so that there is an increase in the likelihood of successful future action. To unleash the dynamics of a business requires a new model of organization and the creation of a new framework that the company can manage in a proper way any changes.
The redistribution-optimization of the company’s resources from the first production line to the support departments appears as forced action and a matter of survival.
3. To be flexible in cooperation between its departments to achieve a proper any transformation that takes place. Increasing cooperation between departments within the company reduces the urgent need to retrain human resources in new skills, while reducing the speed of execution of any investment.
In the age of digitisation and the skills required, restructurings in the cost-center structures of the past to speed up the process of completing an investment should gain even more flexibility regarding the hierarchy they have created for years.
In many investment projects this factor (flexibility in the internal hierarchy) is not considered and when the investment is stalled in terms of its completion and effectiveness then it is too late.
It can be said that ensuring the return on any investment is intricately linked to the company’s ability to manage upcoming changes.
