Overall, business should be focused on two key qualities. On the other hand, too much reliance on structure can quickly become a liability if the landscape changes again. Things now that there are new options available. In some ways, companies can wipe the slate clean and consider how they want to structure Instead of setting hard rules for how theīusiness will operate, organizations must now juggle a multitude of options, from employee locations to supply chain components to customer demands. For businesses thinking about the long term, though, the concept of an established pattern will be more elusive. At some point-possibly duringĢ021-there will be fewer hoops to jump through directly related to COVID-19. Whether it is a desire to return to normal or an attempt to define the new normal, people have been searching for some semblance of stability. Throughout the pandemic, there has been a hunger for normalcy. This isn’t rebuilding to reclaim the past this is rebuilding for the future. Thanks to changes that no one would have wished for and fueledīy the requirements of a digital society, the technology industry will doubtless take a new shape in the coming year. There is little opportunity to return to the old way of doing things. The influence of technology is massive, forcing new approaches to regulatory behavior.Īs the industry emerges from a chaotic year, it will begin a rebuilding phase, but this rebuilding goes beyond restoration. Mandate, making diversity, equity and inclusion a top priority. Digital operations are more important than ever, with many transformative changes accelerating over the past year. Through all the confusion, though, there are still some basic concepts that will shape the year to come. political landscape,Īnd there are more questions than answers. The economy is showing some signs of stability, but there are lingering fears over continued challenges or further surprises. Heading into 2021, there is little precedent for projecting the future. Those companies that stayed afloat had to act quickly in order to enable their remote workforce and maintain operations. Too much for many firms, leaving millions of workers unemployed and driving thousands of businesses to close their doors. By the end of Q1 2020, companies everywhere were reeling as they reckoned with the effects of the COVID-19 pandemic.
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