Business

COVID 19: How to Adapt and Prosper in the Current Market Scenario

Friends, the Corona Virus pandemic has changed life forever for all of us. Once the series of lockdowns is over and until there is a vaccine for the pandemic, we will have to get used to a new way of functioning. Whether it is in our personal lives or our professional careers, we will need not only to adapt but also to find ways to prosper in an unfamiliar and often restrictive environment. The good news is that it is possible to adjust and adapt, provided we accept the new way of life and concentrate on the positive side of…

COVID-19 Crisis: 5 Tips to Optimise Workspaces to Boost Productivity

The COVID-19 pandemic is an unprecedented occurrence that has had. It will continue to have a far-reaching impact on all our lives, whether we are homemakers or employees or business leaders. The swiftness with which the virus is spreading makes it equally important for us to be quick and efficient in adapting ourselves to the changing circumstances. Only then can we ensure that we beat the disease. Small and big businesses have felt the impact of these changes at the same time, and countries and companies are struggling even to understand how to handle the situation without suffering huge losses…

COVID-19: Immediate Action Plan for Leaders

Human beings have shown resilience to innumerable catastrophes in the past. And COVID-19 will be no different. We will adapt and adjust to changing circumstances, especially if we have the right leadership. In times of crisis, humankind looks for the right leaders who can guide the masses on the right path. Leadership is the key to survival. Hence it is critical to have the right personnel on the job and train them to handle all situations. A caring attitude In a crisis like this, employees are at a loss as to what they need to do. And most of them…

COVID-19: 11 HR Tips for Every Organisation

Human resources are the most critical part of any organization. If there are unrest and dissatisfaction among its employees, a business will not only face the issue of lower productivity but also be in danger of losing valued workers. In which case, it also risks endangering its profits and reputation. All the more so in the current situation where you depend on your employees to support you by working from home even when they are going through the fear of a pandemic. Here are 11 tips on how to keep your organization’s most essential resources in good spirits : Look…

How to Ensure an Uninterrupted Supply Chain

Friends, by now, you must all know how important it is to have a reliable and robust supply chain. Whether it is the supply of raw material, people, finances, technology, manufacturing equipment, clients, or even office and canteen supplies, any disruption in this chain can hamper the organization’s performance in varying degrees. The sudden decision of a nationwide lockdown has caught many of us unawares and taught us one thing – that we should always be prepared in the future. You may be taken by surprise once, but if you are retaken by surprise, it is your fault. Here are…

11 Ideas to Maintain Effective Customer Service

Customer service becomes crucial during a crisis. While this has various challenges, it is also a boon for brands to build loyalty during this time. An unresponsive attitude or some ambiguity where customers are frustrated about how to get your products, or service for these products, can lead to a shift in brand loyalty and a resultant loss in the client base. It is precisely during such times that you will find a sudden spurt in the number of calls to your call center or customer service numbers, and you need to be prepared for such contingencies. Here are some…

E-commerce – Take the Plunge Now

With COVID19 unleashing its terror at unheard of speed and scale, corporates and countries are racing against time to fight the pandemic, and at the same time to ensure that the economy does not suffer due to lockdowns and social distancing. Maintaining this delicate balance will be a new challenge for governments across the globe in the coming months. It does not take a genius to see that at a time when transportation and physical movement is hampered, E-commerce is the way to go. Rather than go to the local stores, which could be a hub for spreading infection, people…

COVID-19: How to manage your office space and etiquette post lockdown

Day to day operations in the office has come to a standstill, and everyone is currently working from home. However, once the lockdown is over, it will be back to your regular workplace. But a lot will have changed. Most importantly, the mindset of your employees will be completely different. Fear of infection will be their primary concern, and this is what you need to diminish from the word go.  Offices these days are crowded, especially those working in open offices with a flat hierarchy. The main point of concern will be to manage a healthy and safe lifestyle in…

COVID-19: Businesses That Will Survive the Economic Downturn

There is a lot of speculation about the depth and severity of the economic downturn caused by the measures to combat COVID-19, namely social distancing and lockdowns. Everyone is debating about which corporates will be worst affected and which will manage to avert disaster. Let’s look at what are the danger zones and how we can avoid becoming economic victims of the pandemic. Low-debt businesses will survive Those who have minimal debts or loans on their balance sheets will be the winners. With no business happening during the lockdown phases and demand falling across the board (except for essentials), there…

COVID-19: Collaboration is the New Buzzword for Survival

We will know the actual value of the saying ‘Saathi haath badhana’ (friend, extend a helping hand)  in the coming months. No business has been left unaffected due to the fear, lockdowns, and social distancing in the last couple of months. And though all of us are in the same boat, each of us will be strong in some way – whether we have enough money reserves in hand, or whether we have a strong asset base or whether we are technically strong. At the same time, many of us will lack something or the other to beat the crisis.…