Followers

Thursday 21 May 2020

TIPS ON HOW TO EMBRACE THE"NEW NORMAL" LIFESTYLE


                      image credit:Unsplash.com
If only mankind could see the future, they could have prepared the way Joseph the Dreamer and Interpreter of dreams did as seen in his advise to Pharaoh in Genesis 41:1-25,36. Daniel also said he understood by book(the prophecies of Jeremiah ) which he read concerning the capitivity of the Israelites in Babylon for seventy years.


God never leave, fail nor forsake his children who trust in him wholeheartedly 1Kings 8:57, Deuteronomy 31:6. It behoves us to seek the face of God, right our wrongs with him especially in forsaking abominable polices and practices like legalising abortion, homosexuality among others. The winning buzz word is digital transformational operations, any organisations and individuals that will not innovate and reinvent itself in line with the trends will be depreciated, disrupted and possibly go into extinction.

The steps to navigate through the post covid economy include:

  • Adapt to new set of rules and operational designs that mitigate risks of infection and reinfection such as work from home, online learning, home entertainment, virtual event hosting, online transaction etc
  • Delay hiring new staff, marketing non essentials goods and unnecessary travels
  • Take advantage of Internet of things in robotics and artificial intelligence to right size  workforce
  • Focus on essentials for survival rather than acquiring luxury goods
  • Assess your expenses, budget and cut down excesses and scale up gadgets like digital technology  and facilities
  • Redesign business models to align with COVID19 precautionary measures for example process design and layout underpinned by standard physical distance
  • Stakeholders  should maintain healthy relationship with vendors/suppliers, employees and agents
  • Manage employees' reduction with severance friendly packages
  • Reevaluate revenue generation goals, sales return, credit cycle, debt recovery (all financial metrics)
  • Renegotiate with vendors and partners on fixed and variable expenses like rent, electricity, water, gas(fuel), equipment lease, salaries etc
  • Redesigning strategically short term and long term policy plan
  •  Invest in agro-allied such as fish farming, poultry, orchard, plantations and others not mentioned
The steps will definitely continue to evolve as informed by the effects of the pandemic changes. Keep in touch for more update and please suggest further possible steps via comment thereby contributing to alleviating the impact of COVID-19 distress.

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