Our world today is one of continuous, unpredictable change. It seems likely to stay this way for an unpredictable length of time. But managing a business requires some ability to see what’s ahead – to predict. How can you predict well enough for managing a business or organization in such an unpredictable world? Here are a few ideas.
We seem to be living in black swan days. How can you manage a business when so much is happening that could not be foresee and that is largely incomprehensible? The only answer that I can see lies in strengthening your business resilience – the ability to absorb and survive even the biggest hits.
Much has been written recently about the “old normal” being gone and some kind of “new normal” replacing it. I have argued that the old normal refers to stability and predictability, with relatively gradual changes. COVID-19 definitely fried that world, leaving us in times of fast change, unpredictability, and chaos. So, what is next for the economy?
The question we hear so much these days is “What’s coming next?”. The answer is that nobody knows or can know. Worse yet, there are many theories and guesses out there that may well be dangerously misleading if acted upon. But managing a business requires some sense of direction so how can you develop this?
