Questions to Consider
The landscape for businesses in Alberta has never been more challenging and uncertain. With commerce grinding to a halt, what we once thought we knew about our industries, suppliers, customers, and competitors has changed.
In the face of this challenge, businesses have been quick to implement changes in order to shore up cash and mitigate risks. But what’s next? As the pandemic continues to evolve, it may seem difficult to think about anything besides the daily fires that pop up and the immediate actions needed to put them out.
But as history has taught us, this crisis will eventually end, as all crises do. Then what?
When the crisis has passed and your customers or clients are ready to ramp back up, you must be ready to respond quickly and effectively. Planning may seem like a pipedream at this point, but the reality is that thinking about what your new normal may be and preparing for how your business will remerge is a critical first step.
While most have some version of business plan to guide the organization annually, the likelihood that these plans will apply for the rest of 2020 is small. This is where short-term business planning becomes critical.
The uncertainty of this economic climate is proof enough that you need to design a flexible and nimble strategic plan to get through the coming months. You need processes that can help inform the new day-to-day priorities and drive clear and focused engagement across your team through a shared understanding of your updated direction and goals.
Once the overall strategic plan has been set, Incite is available to meet with your leadership team to monitor progress around initiatives and ensure accountability. Incite will be responsible for: