The New Normal: COVID-19 Didn’t Change the World of Business … It Just Accelerated It.

COVID-19 has issued a new dawn for business in a short period, and as businesses around the world are trying to cope with the fear of a global recession, others are considering it a new challenge. What many are calling “The New Normal” depicts the impact COVID-19 will have on the consumer-business relationship during Business Quarter two, three and beyond.
But here we have to start asking an important question, is this impact really… new?

Dr. Nairouz Bader, Group CEO of Envision Partnership in a recent interview says:

“We’ve seen a level of digital transformation in the past couple of months that’s unprecedented, but as the figures throughout the past decade have proven, in industries like technology, e-commerce, and telemedicine, this change while it had its acceleration triggered by the COVID-19 crises, it was where business already heading.”
And Microsoft CEO Satya Nadella on digital transformation:

“As COVID-19 impacts every aspect of our work and life, we have seen 2 years’ worth of digital transformation in 2 months. From remote sales and customer service teamwork to critical cloud infrastructure and security, we are working alongside customers every day to help them stay open for business in a world of remote everything.”

In a world of remote everything, businesses with this model at its core have had sales and revenue skyrocket during this crisis, and business consultants around the world are expecting this rise to keep going during and after the recovery phase of COVID-19. Just in April, according to new data from Adobe’s Digital Economy Index, U.S. e-commerce jumped 49%, and as more consumers realize the convenience of e-commerce with an emphasis on safety and the concerns over the pandemic, it’s more likely that consumers will choose to stay online even after recovery.
Will digital transformation only benefit businesses with a digital business model?

This is a pretty straight forward question: NO. While some businesses are going to see a decline in revenue, most of them are expected to make a comeback even stronger depending on how well they adapt to where the future was already heading. If you think about it, this has always been the core of businesses since we’ve figuratively and literally, invented the wheel. It’s simple, digital means a measurable decrease in business costs and operation, remote working means less office space to rent, fewer bills and spending. The ‘New Normal’ is Waiting: Are you ready for it?
The success of businesses nowadays depends on whether they’re able to adapt to the future that’s been thrust into today, and there are two key areas business will need to focus on, first is your revenue which means your consumers, and the second one is the health of your organization, which means your employees. Dr. Nairouz is giving a short guideline on how to adapt as efficiently and as successfully as possible.

Let’s first start with your revenue, this crisis has prioritized the needs of the world of tomorrow and brought them today, which has decimated any assumptions and data business leaders relied on to make business decisions. This highly volatile environment requires fast responses that are both well-planned and takes in all available data, so the first move business should take is:

1- Creating a fluid relaunch plan:

This plan will need to take into account the reconfiguration of your product offerings, which might include prioritizing SKUs and increasing promotions of your core products, this plan will take into consideration each detail of your brand, whether it’s distribution, supply chains, consumer segmentation, product development, and opportunities for recovery.

This road-map will require a fluid state, taking into account different directions this crisis might take you and efficient countermeasures for them.

We advise creating a crisis management team of your most trusted advisors and employees to help create this road-map and maintain a high response rate to any upcoming challenges.

This will also give business leaders enough time to manage all aspects of the organization, and most importantly reassess investments and prospects, while communicating with stakeholders and looping them in on strategies your business will need to implement in response to new customer demands and risks you’ll need to make when it comes to cost and value management.

2- Let your consumers know you’re safe:

This stopped becoming an option long ago, making sure your consumers understand that your products and services are safe is a necessity, and not prioritizing safety across each aspect of your organization can immensely hurt your brand identity, you can do it through implementing the latest safety measures while also spreading public awareness.

Some examples of brands doing that include Emirates Airlines introducing a thermal screening of all passengers boarding their flights, while Accor hotels chain has created new hygiene and safety certification labeling and self-sanitizing gates all over their facilities.

3- Keep up a stable workplace:

Workplace stress, emotional fatigue and lack of direct communication are at an all-time high, so maintaining the health of your organization and employees will highly correlate to how successful your day-to-day operations are functioning, and the surveys and numbers coming in from our partners are only confirming it, with the data we have accumulated we believe these are the main points you need to address:

A- Security:
Liquidity concerns are pushing HR departments around the world to consider worker furloughs, layoffs, or terminations. It can be seen clearly with how unemployment rates are skyrocketing and exceeding all previous expectations.
This will push your employees into a state of instability that will reflect on the performance of your organization, we understand that the economic challenges are there, and these actions are unavoidable for some businesses. Some businesses are taking another approach, and they understand that cutting costs to preserve profits may serve only to sink them further into recession and that the global nature of this crisis offers some protection from competition.
So, as you reconfigure your operations to stay afloat, bring your employees in on the challenges the organization is facing, and disseminate your company goals and plans to help them feel safe because it’s more important now than ever.

B- Building Resilience:
The World Health Organization describes stress as the “global health epidemic of the 21st century” and as recent events might very well redefine that statement, stress will remain prevalent and continue to rise with the latest restriction affecting mental stability and well-being.
Start now, it’s the time you make cultivating resilience in your organization a priority to manage workplace stress and keep your employees working efficiently with clear and healthy perspectives. We suggest taking a real step into incorporating programs like the “Resilience to Brilliance” by Envision Partnerships.
In conclusion,

With the help of technology and remote-conferencing platforms such as Zoom and Google Meet, a growing number of business leaders are adding home and more flexible working arrangements, and as they work to stabilize their organization, and identify areas of course correction, it’s understandable that at some point there will be a focus on getting people back to work.

It’s becoming possible to imagine a world of business where human interaction is minimized, but not eliminated. Businesses will reopen, people will pop back in stores and many patients will need to communicate with doctors directly, and the in-store shopping experience will always be relevant. Decision-makers will need to reallocate investments, rethink strategies, and how to be better equipped to survive in the “remote” world of today.

Leave a Reply

Your email address will not be published. Required fields are marked *


Access more thought leadership

If you want to influence or change behavior, you absolutely have to be trusted. Think about how you establish trust, building that up and maintaining it, is fundamental for any institution or person.” Dr. Nairouz Bader, CEO Envision Partnership. Part…

Envision Partnership, Nairouz Bader and Alfaisal University, Khaled Alkattan, MD, FRCS(Ed) signed a cooperation agreement aimed at developing training and professional programs for students and recent graduates, increasing their experiences and increasing employment opportunities for them in the private and public sectors inside and outside…

We are very proud to announce that Envision Partnership has been selected as a WEConnect International #RisetotheChallengeAwards finalist! #InclusiveTrade experts Camille Richardson, U.S. Department of Commerce, Frida Owinga, Organization of Women in International Trade (OWIT), and Philippe Isler, Global Alliance for Trade Facilitation, will decide if we are the #Global Winner on June 21!…

Listen to “Diversity Group discussion” by Envision Partnership CEO Dr. Nairouz Bader held at the Global Aerospace Summit 2022 with the world’s most #influential thought leaders. This unique exchange gathered several Global leaders from the industry exchanged and shared best practices in the Aerospace Industry. #envisionpartnership #globalization #leadership #corporateheroes #Diversityandinclusion #dnI #AerospaceSummit…

“When nations, governments, companies and societies put their mind to something it happens. If we can put Men and for that case women on Mars and Moon, then we ought to be able to put women in C-suite” For the…

Listen to Dr Nairouz has to say about definition of success at the Sharjah-Europe Businesswomen Forum themed "Women Entrepreneurship… Be one of them". Sharjah Chamber of Commerce and Industry (SCCI), in cooperation with the European Women Association (EWA). “My First…

Listen to just a few of the many impactful conversations from the 11th edition of Annual Investment Meeting, an initiative of the Ministry Of Economy, UAE “ We heard from Dr. Nairouz Bader, CEO, Envision Partnership, Mr. Bernard Sykes, PwC…

Being a woman in business can be a significant challenge. Extensive research shows that social biases exist against women getting a loan, getting paid, being a CEO, and a number of other benchmarks of progress and status in business. –…

"It has shown that organizations that have female lead teams were more empathetic, they were more attentive to the burnout, they were more understanding, they were more accommodating a flexible, here is a proven statistics that female contribution brings into…

Transformational change is only possible when we all work together. Envision Partnership has been igniting change through actively spreading awareness. Hand in hand with regional and international companies through their leaders, contributions and stories. Ms. Raja Al Mazrouei - Executive…

Check out this interview with Dr. Nairouz Bader on CNBC

Nairouz Bader has been a leading voice in the fight for greater gender equality – The National News 

Watch Arabian Business TV interview with Dr. Nairouz Bader

Dr. Nairouz Bader sharing insights with Al Dafrah TV about UAE equal pay UAE Law.

Listen to for Dr. Nairouz Bader’s radio interview about how she became a successful businesswoman.

AcceleratHER programme by DIFC FinTech Hive was graced with some of the best mentors in the region who provided important guidance and support to cohort including Dr. Nairouz Bader.

We celebrated this year's international women's day with an unfortunate event: the pandemic and how it negatively affected women everywhere. Economic insecurity due to COVID-19 has a snowball effect on women and girls' lives for years to come. Impacts on…

Traditional management thinking is based around the assumption that organizations need a top-down approach to encapsulate their visions. In a fast-moving technological setting, such dogmatism might soon be obsolete – pragmatic approaches towards strategy and objective setting might be the…

In the interview, Dr. Nairouz talked about the required soft skills and hard skills during a crisis, are employers accepting the work from home idea, and if they are going to keep it after the crisis.

Dr. Nairouz Bader interview with Al Arabiya News Channel (MBC Group) giving advice to companies who looking to work in a diversified society such as Dubai

How promoting fair pay is going to contribute to your image as an employer? Dr. Nairouz Bader has the answers to these questions and more on her episode of “Enforcement of Equal Pay”

Performance management is one of the most important management tools to ensure talent development and sustainability in this VUCA world. #سؤالكم  #leadership #Talentdevelopment

The United Arab Emirates’ recent landmark law mandating equal pay for men and women is an important step toward gender equality in the Middle East. But across the region, there is still more work to be done. but there is…

Sanovel latest module of the "Future of R&D" Program, hosted Dr. Nairouz Bader (Chief Executive Officer, Envision Partnership) who unpacked her perspective for choosing a career in pharmaceutical industry and the competencies required to ace it.

Managing Human Resources in a Global Organization" for the intellectual and ambitious minds at Murdoch University Dubai's Global Business Unit in the MBA program with Dr. Nairouz Bader and Dr. Madhavi Ayyagari, Head of Business School at Murdoch University Dubai

It’s been a fascinating discussion on the power of leadership to shape cultures and inform decisions which can create a strong business. We heard some invaluable insights which program participants can use to drive their business growth. The speaker shares…

How the new decree will accelerate equal job opportunities, it's deployment within the private sector, and how it will impact socio-economical stability.

Dr. Nairouz Bader CEO of Vision Executive Search interview on CNBC Arabia.

Dr. Nairouz Bader, talking about the importance, elements, and execution of equality and professional tips and tricks for exemplary job interviews.

The UAE is leading the way on gender equality, but there is more to do


Subscribe for leadership insights

Sign up for our latest news & insights. 

Copyright © 2020. Developed by NTAM Tech - All Rights Reserved Envision Partners