Dynamic Approaches To Adapt In The Evolving Business Environment

Dynamic Approaches To Adapt In The Evolving Business Environment

SUMMARY

As the lockdown progressed, several startups worked diligently to bridge this gap between education and skill requirement for companies

While digital transformation is not an outcome of the pandemic, it has grown swiftly in the past six to eight months and falls under the hyper-acceleration hypothesis segment

Businesses need to be agile and adapt intelligently and swiftly to meet revised consumer needs and stay relevant

As the country continues to make its way out of the lockdown imposed to combat the Covid-19 pandemic, businesses continue to reel under its impact. The year witnessed a massive economic disruption as hundreds of businesses were forced to shut down, while for others remote working and digital operations became the norm. In this ever-changing environment, what we witness is a mixed bag – hyper-acceleration of certain hypothesis, deceleration in certain industries and sectors, emergence of new categories and perhaps sunset of a few.

To be able to spot the right trends in each of these buckets becomes a critical skill in determining the direction a business would take – differentiating the real from the herd, what to sustain and which ones are more of a mirage.

Note: The views and opinions expressed are solely those of the author and does not necessarily reflect the views held by Inc42, its creators or employees. Inc42 is not responsible for the accuracy of any of the information supplied by guest bloggers.

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