Survey on strategic challenges posed by the Corona pandemic
We would like to express our gratitude for your support and avid participation in our survey!
The flash survey is completed. Since June 12, 2020, the results are shared with the participants of the survey through online dialogues. Besides, the online dialogues provide a platform for cross-sectoral exchange on the economic impact of the corona pandemic to discuss opportunities and solutions.
We can currently observe the strong impact of the corona pandemic on the everyday life of each and every one of us, both economically and socially. Some industries are profiting from the current upheavals, either because they are serving a need that is particularly in demand in the current situation, or because they have been able to adapt very quickly to the new conditions. Other organizations, on the other hand, are suffering massively from the pandemic and its effects because they cannot provide their services as usual due to infection control regulations. Furthermore, these companies experience difficulties because their services are currently no longer in demand or because supply chains are impaired due to the pandemic. The developments will lead to the complete disappearance of some of these organizations in the medium to long term. First insolvencies have already been filed.
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”THE CORONA PANDEMIC WILL LEAD TO FAR-REACHING UPHEAVALS IN THE ECONOMY AND SOCIETY – SOME ORGANIZATIONS WILL DISAPPEAR, OTHERS WILL EMERGE AROUND NEW PROBLEMS.”
– Laura Hüer
Senior Project Manager | Consulting Field Strategy
Organizations are successful if they are highly responsive to social developments and find valuable solutions to social bottlenecks and needs while offering these solutions at conditions that are considered to be appropriate. Organizations disappear when these needs no longer exist or change and no adequate solutions can be provided for them.
In every crisis, there are winners and losers. The winners often include entrepreneurs with innovative ideas that they can quickly put into practice. These are not always solely large corporations.
As the desire for normality grows and the acceptance of precautionary measures dwindles at the expense of the economy and personal freedom, Michael Ryan, Executive Director of the WHO Health Emergencies Programme, recently stated that the coronavirus may become endemic – meaning we must learn to live with it.
Nobody can say today what our so-called “new normal” will look like against this background. SEDLÁK & PARTNER has defined four scenarios for short-, medium- and long-term strategic issues:
Which scenario will dominate our daily lives in the short, medium and long term depends on when science succeeds in developing a drug to treat COVID-19 and/or a vaccine against the virus. The scenarios and their consequences have very different effects on the markets, customer behavior, and general economic conditions. For organizations, the following key questions with a short-, medium- and long-term perspective are therefore of great relevance:
- Which scenarios are the most probable for you?
- Which of your business areas are affected by the corona pandemic?
- Which changes can already be observed in the respective business area today?
- How do particular scenarios affect your business areas?
- What assumptions do you make today about trends and developments in the respective business area depending on the specific scenarios?
The answers to these questions can vary greatly depending on the scenario – and, therefore, require different strategic positioning.
”A COMPANY WITHOUT A VISION OF THE FUTURE IS LIKE A FULLY OCCUPIED SHIP ON ROUGH SEAS WITHOUT NAVIGATION.”
– Robert A. Sedlák
Guest Professor at ECNU, Shanghai | CEO SEDLÁK & PARTNER
Currently, the ability to deal with the upcoming ambiguities and uncertainties is essential to maintain liquidity and performance for the current day-to-day business. At the same time, it is important to proactively make the right decisions and to initiate measures that enable the organization to construct its future.
Leaders are called upon to intelligently manage the balancing act between dealing with daily challenges and designing a new future.
If you would like to measure the corporate culture in your organization or would like to learn more about us and our consulting approach, we are looking forward to a personal conversation with you! Simply make an appointment with us.
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