“Everyone has a plan until they get punched in the mouth.” – Mike Tyson
Before March 2020, world markets were in full swing and unemployment was at an all-time low. Fast forward to Mid-March 2020. In the blink of an eye Covid-19 was upon us. Chief U.S. economist at Oxford Economics summarises it best when he compares the plunge to “…a natural disaster, a terrorist attack and a financial shock all at once. We’ve never had this in history.”
Covid-19 has thrown the world into chaos. The disruption caused has challenged us all, exposed our blind spots and tested us to the extreme. But …
It’s an opportunity. An opportunity to adapt, improve and transform. You just need the tools. The steps to face disruption head on and evolve into something stronger, leaner and ready for the upturn.
Andy Bailey recommends that the first step is to go back to basics and gain a clear picture of the current state of your business. You can only chart an efficient path to get where you want to go, when you know precisely where you are. The best way to pinpoint your precise coordinates is with a short-term SWOT – Strengths, Weaknesses, Opportunities and Threats analysis. One that identifies where you are in this exact moment.
Ask everyone on your leadership team to fill this out independently. Compile everyone’s answers and then come together to agree on your collective responses.
With Thanks to the following for their work in compiling this blog:
Our coaches – who have all successfully launched, scaled and exited businesses leveraging our specific methodology – will guide you and your organisation beyond your stuck points to alignment, growth, scalability and purpose.
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