We all have seen the Impact of Covid19 on Businesses, it has the capability to destroy many business empires at once and can lead to an end of the business world. It can destroy Globalization, which can result in a decrease in trade, outsourcing, demand & Supply. As we all know trade is the biggest revenue for all business owners; So this is the time when the Business world need Management Consultants to save their businesses world, the very same way IRON MAN saved the world from Thanos. So the only questions remain When and How will Covid19 turn Management Consultants into IRON MAN to save the business World?.
We all know how much data means to Management Consultants in planning every move for their clients business, just like IRON MAN uses data and analytics to configure his suits to save the world. Every data is important on its own, as the Geo-Political scenario arising will be very very critical, the business has to grab every opportunity to win this battle.
Also, Data & Analytics will be the biggest gainer sector in the coming days, as it will only be responsible for the business transformation.
As “You can have data without information, but you cannot have information without data.” — Daniel Keys Moran
Just like Iron Man has Jarvis, Management consultants also use automation to stay ahead of their competitors. And the time has come when every business has to automate themselves in all operation. As your manpower can’t work 24*7*365 but your Automation can.
In the coming days, when cost-cutting will be the prime agenda of businesses only automation will help you survive as the battel will the survival of the smartest.
We all have seen how much Iron Man loves working from home in his own lab, and the case is similar when management consultants spend their sleepless nights preparing slides, collecting insights, analysing data, preparing a plan of actions for his client’s businesses.
WFM is one more thing that will help much organisation in taking out more efficiency from limited manpower, as resources give more output when they stay with their loved ones and feel relax & Safe.
We all know the case study of Kodak, which refused to innovate and died, and we all are smart enough not to repeat those mistakes in our own business. As Iron man works on his suits to be ready for upcoming challenges, you should also be ready to bring Innovation in your organisation.
As many traditional models will die, but Upgradation & Innovation will save the smart business owners will be listening to their management consultants on board.
As a wise man once quoted ” If you want to go fast, go alone. If you want to go far, go together”, So this is the time when many businesses will come together in terms of JV’s or barter their resources or will invest in each other so as to save the business ecosystem.
Many business leaders will lose their hope, many organisations will fire people from their positions, but if the leadership is strong they have miles to go. Here Management consultants should tech the business owners about ESOP’s, about unpaid holidays, about employee rotation policies; so that the leadership can stay strong and win this battle.
It’s not gonna be easy, as everyone will be running towards one point, you have to be different, work really very hard if not the time will make you. So get the boots on and be ready to burn your blood and sweat to acquire more market.
Sometimes you have to give up something very precious to you to achieve something, don’t be rigid, be flexible and Give God the glory and achieve your next level of milestones.