Building Disruptive Business Models that are People Centric
Our People Centric Solutions specialist recently worked with a client to assist them navigate a COVID19 related section 189 process. The end result - a brand new business model, that required more talent acquisition, AND not a single retrenchment. That is what it looks like when it works.
The need to disrupt and reinvent business models has accelerated, some research would state, by up to 4 years. Did you have a 4 year plan for business model reinvention in February 2020?
When a business is able to acknowledge that it needs to respond and is open to organisational redesign and transformation that is where the magic happens.
As the worlds' economy opens up and we survey the damage, there are certain to be salary cuts, restructures and retrenchments on a scale that we have not witnessed in decades, possibly ever before. The blame for these massive job losses are likely to be placed on the economic downturn caused by the Pandemic, the down-grade of the South African Economy, Global competition and of course automations and 4th Industrial revolution innovations.
There are 2 approaches. The first will be companies who cut operational costs in line with diminished revenue streams which will invariably mean restructuring and possibly retrenchments, cutting into muscle and possibly too close to the bone.