Five ‘no regrets’ moves as you revisit strategy, planning, and operations
Virtually every business has been challenged to navigate a combination of near-term volatility caused by disruptive events – including inflation, war, and natural disasters – and a series of powerful structural changes. Decades of easy money, plentiful labor, nearly friction-free global trade, and low inflation are coming to an end. Everyone is bracing for the coming decade, which will likely be defined by scarcity, high input costs, and lower potential growth.
Add it up, and you have higher costs of doing business, lower degree of freedom for strategic action, and even less margin for execution error. To prosper in this environment, you need new approaches to strategy, planning, investing, culture, and talent. You need to operate simultaneously on multiple time horizons – addressing cost takeout opportunities today while planning for and investing in long-term strategies for growth and innovation.
This quest to identify and make the perfect moves can lead to “analysis paralysis.” But it doesn’t have to. There are several things you can do now to lay the groundwork for the changes your company may need in strategy, planning, and operations.
Consider these possible no-regrets moves:
Above all, stay focused on value and keep a close eye on your organization’s culture. Continually explore opportunities to apply technology and reimagine experiences for your employees, customers, partners, and clients. And lean into data to identify, quantify, and implement opportunities that deliver rapid EBITDA improvement while positioning your organization for continued resilience and growth.