Gone are the days when leaders could coast along in a thriving global economy, basking in cheap money and limitless opportunities.
We’re now in a world of “compound volatility,” with a higher cost of doing business and lower room for error. As a result, leaders must aggressively manage capital allocation, explore new labor models, examine a relentless wave of emerging risks, and continually evolve the business.
In fact, one of the top items on the 2023 board agenda is helping management address ongoing risk and uncertainty, while ensuring there’s flexibility in the company’s strategy to pivot. That means leaders must have a strong vision while also remaining very adaptable.
This combination can be challenging, and progressive leaders are turning to managed services to help. As strategic collaborators, the best providers design nimble, scalable operating models that deliver mission-critical processes, reduce costs, and advance organizational priorities—with the ability to quickly shift direction if those priorities change.
These providers design operating models for long-term value, helping leaders think through factors such as:
In the new world, leaders need a clear vision of where their company is heading, plus the flexibility to change course as needed. That could mean scaling services to support a merger or acquisition. Or changing processes to meet a new regulatory requirement. Or reshaping operations to enter or exit a key market.
With the help of managed services, leaders can keep their eye on the prize—while building functions that flex at the speed of business.