Few businesses have continued through March, April, and May without a major change. Most have slowed down because of the restrictions, some have picked up. These peculiar months have influenced the mindset of business leaders, taking them from denial that anything should be done differently to major pivots and epiphanies, in a cascade of intense experiences that seemed to have lasted a year, not two months.
This is not the end of the interesting times; it might still be the beginning. However, not all leaders have translated their mindset changes into new strategies. Many, be they the winners or the victims of these hectic times, have just made a series of slight or abrupt corrections to the course, have put out some fires, have exploited some weird opportunities, but did all these on auto-pilot, without reflecting on the big picture. If you haven’t yet taken the time to define your new strategy, stop reading this for a minute and schedule a strategy meeting asap, don’t let this crisis go to waste!