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EMPOWERING BUSINESSES TO REBOUND FROM COVID 19 IMPACT
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Empowering Nigerian Businesses to rebound stronger from COVID 19 Kayode Adebiyi, FCA, MBA Dec 2020
Our Roadmap Opportunities from COVID 19 Change or Die New/Next Normal Strategy Rebound Stronger Leading and Managing Change
The “New Normal” Characteristics
VUCA Increasing rate of change A term originated by a US Military College to describe the new challenges facing leaders. Less clarity about the future Multiplicity of decision factors There may be no “right answer” 5
Thunderstorms • More common in the warm season • Very dangerous to aviation • Should be avoided!!
Man knows NOT his time! Weather radar principle: The radar doesdetect: Rainfall • Wet hail and wet turbulence • Ice crystals, dry hail and dry snow. The radar does NOT detect: • Clouds, fog or wind (droplets are too small, or no precipitation at all) Clear air turbulence
Reduced Visibility = increased uncertainty • Fog • Haze • Snow • White out • Blowing dust • Affected by sun angle and direction • Aircrew must increase vigilance during these conditions
Favorite Aviation Titbits • Flying is not dangerous; crashing is dangerous. • A thunderstorm is never as bad on the inside as it appears on the outside. It's worse! • The probability of survival is equal to the angle of arrival. • Flying is the perfect vocation for a man who wants to feel like a boy, but not for one who still is.
Favorite Aviation Titbits • Except you are the lead dog, the view never changes • The higher you go, the harder will be the fall …. But don't worry, the view from the top is worth it all. • There are Old pilots and there are Bold Pilots. However, There Are No Old, Bold Pilots
Business Strategyinturbulentenvironment • NowandFuture • Cannotseethehorizon • Foggy& volatile environment • Variousindependentfactors • Fogofthefuture • Defypredictability
Common issues that many organisations are facing from COVID-19 The COVID-19 outbreak has been declared a pandemic by the World Health Organization, causing huge impact on people’s lives, families and communities. As normalcy gradually returns, contractors and service providers require requisite insirructions to get back into play and win bigger. . 1 COVID-19 - ResponseConsiderations PwC
Creativity Booster • If necessity is the mother of invention, then frustration is the father of creativity • Hunger is a good cook! • Creativity however requires the courage to let go of certainties
Why Change? “When the rate of change outside exceeds the rate of change inside, the end is in sight” Jack Welch
Lesson! • “In times of rapid change, experience could be your worst enemy.” - J. Paul Getty www.terrypaulson.com
Strategy: the link STRATEGY
What if… Ask questions, assume nothing