The future of work is changing, partly due to the impact of the novel coronavirus (Covid-19) and the recent need for businesses to operate remotely, but mostly due to technological and global advancement. The work environment was already on the change path. Covid-19 merely accelerated that development Organisations were already waking to a future where work as we knew it, would look different because change is inevitable.
Society continues to demand more from us each day. This leads businesses and individuals to stretch their imagination and competencies to deliver at a higher level of capability. People grow, mindsets change and businesses transform. The barrier for what is achievable gets stretched in line with future needs and expectations. New innovations emerge, targets are exceeded and records get broken, furthering the belief that nothing is impossible.
Macro and micro-economic pressures create the need for organisations and individuals alike to change the way they do business. Every 5 – 10 years, we experience recessions or downturns at a macro or industry level which forces us to think about how we deliver business more efficiently. A key difference in today’s workplace is that the drive for efficiency is not just limited to downturns. Businesses are engaged in a constant push for efficiency and transformation.
What do organisations need to adapt to this push for constant growth and transformation? The first step is to understand the broader industry and economic context that your business is operating in. This will help set the focus for your transformation. If the economy or industry is in a downturn then the focus is likely to be savings and efficiency. On the other hand, if the economy or industry is buoyant, then the focus would be growth, investment or creativity.