This is how leadership is reinvented in times of crisis

According to a survey by consulting firm McKinsey (reported by Forbes), “more than 90 percent of executives said they expected the consequences of COVID-19 fundamentally change the way they do business over the next five years. "

Less than 30% of the executives surveyed expressed feeling confident that they are prepared to face the changes that are coming.

While businesses must focus on survival, their leaders must reinvent themselves to move their organizations forward.

Here some general steps (via the Higher Institute for Internet Development):

1. Accept the situation

To do so it is important first accept the new normal, recognize the changes in the world and the new ways of doing business in order to contribute to the change of mindset and exploration of new opportunities and adoption of new technologies that make organizations and their teams more adaptable and prepared.

It is essential not to blame COVID-19, Take responsibility for leadership failures and lack of preparation so that you can more easily identify mistakes and areas for growth, improvement, and opportunity to move forward.

2. It's a new world

 Second, it is important reset and rebuild. Once you have accepted the failures you are ready to start from scratch, and many times starting from scratch is the best thing a business can do.

Reinventing itself based on learning will only help the organization evolve and grow with a much stronger foundation. This means that you must also change your projections and expectations, all that is behind us, and you must be aware of them to set the correct new objectives and challenges for the company, your teams and your leadership.

3. Open mind

Finally it is important to maintain a change mindset and constant adaptability. You must be aware that the changes we are experiencing after the pandemic are not temporary, many will be permanent and one of them is that the transformation of businesses, consumers and their habits, as well as the nature of many products and services must continue. evolving at a much faster pace than expected and to which we were accustomed, otherwise, everything built with the two previous paragraphs will have been of no use.

It changes and continues to change. Perform constant reviews, verify data, rethink goals and objectives, drive the evolution of strategies and stay at the forefront of the digital ecosystem.