Source: Rose Hollister, Kathryn Tecosky, Michael Watkins, and Cindy Wolpert, MIT Sloan Management Review, August 10, 2021
To make transformation a reality in their businesses post-pandemic, leaders must build a strong culture to support it.
…As the global community emerges from the COVID-19 pandemic, business leaders must lay the foundation for their organizations to thrive in a very different world. The pandemic accelerated three interlinked types of transformation affecting every industry: the adoption of digital technologies, the development of new business models, and the implementation of new ways of working. Most companies are now engaged in one or more of these types of transformation. Businesses that aren’t — whether because they have ignored the signals or have failed to adapt quickly enough — risk becoming obsolete. …