Available online
Description
Change has been a key feature in business for some time now, we often talk of the accelerating rate of change due to technological advances for example, providing far reaching data at our fingertip...s to aid decision making. But the pandemic has accelerated that change further, significantly, businesses that have done well have been agile, not just looking at market and product development as options for growth or survival, but considering full diversification, introducing new products in new markets at speed. Equally businesses that were struggling, such as some high street department stores, have had their business model fully exposed, and the days of asset rich, cash poor businesses may be over. It just doesn’t give the agility businesses of the future are likely to need. Businesses are likely to reconsider their models and attitudes, ie business cultures, in the post-pandemic world, if they want to survive, and even thrive. With Andy Galloway, Ash Oderdra, Christine Mera and Rebecca Kelly
Change has been a key feature in business for some time now, we often talk of the accelerating rate of change due to technological advances for example, providing far reaching data at our fingertip...s to aid decision making. But the pandemic has accelerated that change further, significantly, businesses that have done well have been agile, not just looking at market and product development as options for growth or survival, but considering full diversification, introducing new products in new markets at speed. Equally businesses that were struggling, such as some high street department stores, have had their business model fully exposed, and the days of asset rich, cash poor businesses may be over. It just doesn’t give the agility businesses of the future are likely to need. Businesses are likely to reconsider their models and attitudes, ie business cultures, in the post-pandemic world, if they want to survive, and even thrive. With Andy Galloway, Ash Oderdra, Christine Mera and Rebecca Kelly
| Series: | FBL Showcase - Navigating the New Normal; Series 2021 |
|---|---|
| Episode | 6 |
| Recording date: | 22-06-2021 |
| Published: | 2021 |
| Rights Statement: | Rights owned or controlled by The Open University |
| Restrictions on use: | This material can be used in accordance with The Open University conditions of use. A link to the conditions can be found at the bottom of all Digital Archive web pages. |
| Duration: | 00:25:10 |
| + Show more... | |
| Presenter: | Karen Foley |
| Contributors: | Andy Galloway; Ash Oderdra; Christine Mera; Rebecca Kelly |
| Publisher: | The Open University |
| Link to related site: | Internal url: https://studenthublive.open.ac.uk/abstract/panel?event=FBL%20Showcase%20-%20Navigating%20the%20New%20Normal%20-%2022%20June%202021 |
| Production number: | SHL00869 |
| Available to public: | yes |
