Determine your organisation's position in the market. Ask yourself these questions to have a better understanding - who are your primary competitors? What's the role you undertake in the ecosystem? Can your operations remain unchanged after the pandemic? Who might be your new competition? Will your business be undermined, or emerge stronger after this crisis?
While some businesses have had their foundation weakened by the coronavirus outbreak, others might have witnessed accelerated growth as a result of the use of internet-enabled collaboration and communication tools, home office equipment, delivery services and more. Depending on these factors, businesses will vary in resilience. As such, it’s imperative to start planning and prepare for a post-pandemic future, which leads us to the next point.