Ensuring business sustainability in uncertain times

 

The 2020 downturn has been swifter than previous recessions, with economic drag and unprecedented job losses across broad swaths of the economy. As the economic crisis deepens, we expect companies to retreat to their core, divest of under-performing assets, pivot into growth areas, restructure investments and rethink what’s done in house.

 

Yet uncertain times also represent an opportunity. By turning restructuring into transformation and divesting from one area into investing in another, organizations can reinvent with an eye towards building sustainable futures for their people, their business and, in turn, the economy. What’s important is for organizations to be proactive in a climate of cost management and to preserve the employee experience — both of which are vital for a quick recovery.

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