Navigating the new era of volatility
We are now facing a unique era with its own set of challenges and opportunities. Post-globalization, capital rationalization, and technological advancements are reshaping the business landscape. The traditional strategies and intuitions that once guided leaders may no longer suffice in this rapidly changing environment.
Resilience is key to surviving and thriving in the face of unexpected shocks. Many companies are aware of the potential risks they face but fail to adequately prepare for them. In an era of volatility, investing in redundancy, alternative supply chains, and critical inventories is crucial for long-term success, even if it means sacrificing short-term efficiency.
It’s time for leaders to reevaluate their strategies and embrace a new mindset that prioritizes resilience and adaptability in the face of uncertainty.
Source: https://hbr.org/2024/03/how-to-succeed-in-an-era-of-volatility
