![Untitled 684 x 302 px](https://www.imd.org/ibyimd/wp-content/uploads/2024/07/Untitled-684-x-302-px-400x215.png)
Get to know Globalization 3.0: A pop quizÂ
After the first and second waves of globalization, we are firmly in wave three. See it clearly in this three-question quiz. ...
Published 28 December 2021 in Brain Circuits • 2 min read
In today’s business environment, the hits just keep coming. If you feel like you are constantly putting out one fire only to discover another burning somewhere else, you are not alone. In many cases, entire sectors of the economy are suffering, but that doesn’t have to hold you back; you simply need to hone your rebound skills.
Look at your strategy
We need to structure our decision-making process in a way that we minimize potentially bad outcomes when a crisis manifests. There are four key steps to strategize through a crisis, which you can learn here.
Identify blind spots
Understanding the environment around you may seem like one of the most obvious aspects of developing a strategy, but you often may not be aware you have a blind spot. To understand the environment around you, you need to evaluate two main aspects, which you can read here.
Become agile
To insulate yourself from future market disruptions, it is critical to build flexibility into every aspect of your organization. This is what you need to know to do that.
Prioritize well
During the COVID-19 pandemic, it was clear that companies that were able to focus on their strategic priorities were able to respond much quicker to the changing context and new challenges it posed. There are five key strategic priorities you may focus on, depending on your industry, your level of development, and resources, and what the next disruption brings you. Read them here.
Â
Â
Â
25 July 2024 • by Richard Baldwin in Brain Circuits
After the first and second waves of globalization, we are firmly in wave three. See it clearly in this three-question quiz. ...
1 July 2024 • by Mark J. Greeven, Howard H. Yu, Jialu Shan in Brain Circuits
Treat your organization’s core capabilities as services in order to open up to new opportunities for innovation. ...
20 June 2024 • by Brenda Steinberg, Michael D. Watkins in Brain Circuits
Inspiration can lead to meaningful change – especially if you prepare yourself and your team along the lines of these seven questions (and their follow-up). ...
10 June 2024 • by Howard H. Yu in Brain Circuits
Do you wonder how you can support your LGBTQ+ colleagues? Here are some tips for the wider cause of diversity, equity, and inclusion (DE&I). ...
Explore first person business intelligence from top minds curated for a global executive audience