cxo voice
  • Home
  • News
  • Leaders Talk
  • Expert Opinion
No Result
View All Result
  • Home
  • News
  • Leaders Talk
  • Expert Opinion
No Result
View All Result
Leaders Talk and Latest Tech News | CXO VOICE
No Result
View All Result
Home Leadership

CXOs Should Have A Clear Vision For The Post Pandemic Future

Ranjeet Roy by Ranjeet Roy
May 4, 2020
Reading Time: 3 mins read
Post-Pandemic Future plan for CXOs

Image Credit: CXOVOICE

Share on FacebookShare on Twitter

Coronavirus outbreak has disturbed our daily routines, working style, business conduct, and the business environment. CXOs are struggling to continue the business flow, cash flow, employees, vendors, and partners management. Almost all the departments have been affected severely. CXOs should look throughout the current crisis and should have a post pandemic future plan ready. 

The current business environment is different, but in a year or two from now, when the pandemic ends, it may be more different from what it was before the crisis began. CXOs should start their preparation for the post pandemic future of their business, and to do that adequately, they need to have a longer-term vision of what they want to become in five or even ten years.

We need to predict what is coming to us with certainty, CXOs can develop much more confidence than they might imagine about what they could and should become, build a strategy to live into it, and then it into action.

Spend more time envisioning the future. 

CXOs should start investing more time envisioning their post pandemic future plan. Ideally, they should spend approx 10 to 20 percent of their time weekly exploring and envisioning where they want their business to be when the pandemic crisis is gone. 

Analyze, what is likely to change about your customers, market trends, and business environment, and what isn’t. Continue to keep your focus on your customer’s requirements, how you’ll meet their new and evolving requirements, the resonance of your products and services, and your overall capacities.

Prepare a strategy to walk back your envisioned future to today. 

Working backward, lay out a path from your long-term goal to the mid-term (your post-crisis focal point), and from there to now. Reverse-engineer a set of benchmarks and breakthroughs frequently. The idea to start in the future and walk backward is that. – It enables organizations to clean-sheet what you could become without being overly restrained by today’s crisis business environment. – it will help CXOs to think concretely and in terms of dollars and cents, which enables you to choose which investments should be given priority and which to delay.

ADVERTISEMENT

Be ready to learn and pivot. 

Given the fast-changing environment that organizations are operating in, CXOs should ensure a regular review and monitor the organization’s progress. In the beginning, CXOs will be working off assumptions. As you test them in real situations, you will get more accurate data and expertise to confirm or deny them. Based on data and knowledge, adjust your vision and strategy.

CXOs working toward organizations mid and long term goals, you must be mindful of both the strong and faint signs you obtain. That needs some degree of humility, as you will likely have to surrender some of your facts after they are tested against reality and fail. Speed and agility are key; CXOs must learn fast, continually pivoting, and adjusting. 

Work together towards the vision. 

The organization’s team and stakeholders will have to be more dedicated and confident, so make people believe in your vision of the better future of post pandemic that together its is achievable, and it is not impossible. 

The current business environment is uncertain very challenging. CXOs of the organizations struggling to balance the flow, to deal with it you have to make tough decisions considering the organization’s vision and the future post pandemic. 

Top 6 Things to do After the Lockdown: for SME and MSME Businesses

CFOs Have No Contingency Plans for the Next Wave of Coronavirus Outbreak: Gartner

Working from home: lessons to maintain leadership during the lockdown

Ranjeet Roy

Ranjeet Roy

Professor, Writer, Business Consultant. Ranjeet will love to answer your queries at "santosh@cxovoice.com"

Related Posts

Image Credit: Pixabay
Business

IT spending in MENA region to reach $183.8 billion in 2024: Gartner

September 23, 2023
NVIDIA Infosys
Business

Infosys collaborates with NVIDIA for generative AI solutions

September 20, 2023
banks
Finance

Banks Struggle to Achieve Priorities: Report

September 15, 2023
Google AI
Business

Google launches $20 mn fund to support responsible AI

September 12, 2023
Bengaluru IT
News

Bengaluru has potential to become world no 1 in IT, BT exports: K’taka CM

September 4, 2023
AI IBM
AI

AI will help companies grow faster: IBM CEO

August 25, 2023
VMware AI
Business

VMware announces AI integrations to Anywhere Workspace platform

August 24, 2023
steal passwords by 'listening' to keystrokes
AI

AI with 95% accuracy can steal passwords by ‘listening’ to keystrokes: Study

August 16, 2023
Load More
Leave Comment
ADVERTISEMENT

Expert Views

Credentials database theft, reused passwords dangerous entryway
Cyber Security

Can SASE be used as your initial defense against ransomware?

September 12, 2023
Smart Cities challenges and security
Cyber Security

Do our abilities match the ambitions of Smart Cities?

August 23, 2023
Why 5G Network Uptime is Essential for a Digitally Interconnected Society
Opinion

Why 5G Network Uptime is Essential for a Digitally Interconnected Society

July 18, 2023
Responding to cyberbullying with cyber confidence and resilience
Cyber Security

Responding to cyberbullying with cyber confidence and resilience

July 17, 2023
Five Ways All-Flash Data Centers Can Drive Sustainability Goals 
Opinion

Five Ways All-Flash Data Centers Can Drive Sustainability Goals 

July 7, 2023

Latest Updates

Airkit.ai

Salesforce to acquire Airkit.ai to boost AI capabilities

by IANS
1 day ago

Working in a post-pandemic world: What is the new normal?

25 million employees now returning to offices globally in the hybrid work era

by News Desk
1 day ago

Image Credit: Pixabay

IT spending in MENA region to reach $183.8 billion in 2024: Gartner

by News Desk
1 day ago

Samsung Huawei

Samsung, Huawei to drive mass adoption of foldable smartphones next year

by IANS
2 days ago

GenAI

GenAI to generate economic value worth $2.6-$4.4 trillion annually: Report

by IANS
3 days ago

SK hynix

US to ensure S. Korean chipmakers’ smooth operation regarding China curbs

by IANS
3 days ago

Get Latest Update

Subscribe to our mailing list to receives newsletter direct to your inbox!

ADVERTISEMENT

Leaders Inerviews

NewgenOne
Leaders Talk

NewgenONE bridges the gap between business users and IT teams with its low code capability: Varun Goswami

-
Interview with Prasanna Arikala, CTO, Kore.ai on AI chatbots
AI

Can AI chatbots enhance customer experience and reduce the cost of serving customers?

-
Rising cyber attacks pose a serious threat to Indian SMBs, says Zakir Hussain
Cyber Security

Rising cyber attacks pose a serious threat to Indian SMBs, says Zakir Hussain

-
Axis Bank's Cloud-driven digital banking solutions
Banking

Axis Bank doubles down on cloud based digital banking solutions

-

Entrepreneur

Samsung Electronics appoints its first female president

Inspiring Women Entrepreneurs in India (2022)

Technology Adoption For Entrepreneurs

Volunteering management is the need of the Hour

We bring business leaders' opinions and unique ideas on what’s happening in the market and its impact. Also, get the daily news, analysis, and insights.

Connect with us

Easy Links

  • Cryptocurrency
  • Event
  • Blockchain
  • Press Release
  • Resources & Downloads

Write Us

contact@cxovoice.com
  • Home
  • About
  • Contact Us
  • Advertise
  • Privacy & Policy
  • Feedback

© 2023 CXO VOICE

No Result
View All Result
  • Home
  • News
  • Leaders Talk
  • Expert Opinion

© 2023 CXO VOICE

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

Our Spring Sale Has Started

You can see how this popup was set up in our step-by-step guide: https://wppopupmaker.com/guides/auto-opening-announcement-popups/