Path ahead full of unknowns
New management skills, leveraging technologies will redefine the approach to navigate through the new normal and towards a road to recovery from the bleak outlook created by COVID-19.
This was concluded from a webinar on ‘Navigating the New Normal’ to identify the challenges and discuss possible ways of approaching the new normal. It was organized on 13 May in New Delhi by FICCI jointly with SAP India.
The only path ahead for the organizations are full of unknowns and thus it presents a steep learning curve, said FICCI.
“COVID-19 has drastically changed our business models and poses a new obstacle before the high-level policy makers and top professionals to ensure that their work remains unaffected despite such turbulence,” said FICCI in a release.
Coronavirus Outbreak has brought challenges like cash flow, supply chain issues, administrative, and operational issues with no clear answers, no clear path to recovery, and event no past learnings to build on.
Thus, added Dilip Chenoy, Secretary General, FICCI, “Services sector should be given more focus, along with new management skills leveraging technology to truly revive the economy post Covid-19 lockdowns.”
SAP President and Managing Director Deb Deep Sengupta called on industries need to diagnose how Digital Natives responded to business problems by leveraging technology as the first port of call. Many businesses continue to rely on operational responses through assets and people.
Further elaborating, he said, “Going ahead companies need to adopt a 3-pronged strategy: Respond Quickly, Prepare for Recovery and Reimagine their Future.”
The session also deliberated on topics like “How remote working framework has become the new norm”, “Priority areas for the industry in the upcoming months” and “Way forward to the key challenges which are affecting business continuity in the current scenario”. fiinews.com
