Creating business resilience in challenging times.
Businesses today are operating in an unpredictable environment. Amid the COVID-19 pandemic and its impact on the worldwide economy, leaders are facing elevated levels of instability, pressure, and anxiety.
In some cases, for the sake of ensuring business continuity, it may be necessary to choose to reduce investment, freeze hiring, or avoid entering new markets. But in other instances, these short-term tactics may have repercussions on long-term strategy. As leaders make choices, it's important to use a broad lens and a balanced perspective.
At PwC, we know from experience that organizations with a clear outlook and a proactive strategy are more resilient and earn a competitive advantage over the long term. Using a data-led, agile approach, and proprietary diagnostic tools, we co-create with clients to navigate the path ahead -- by quickly managing risks while creating opportunities, even in unprecedented times of uncertainty.
Critical information on COVID-19 and its impacts on global business activity are difficult to assess and can change overnight. Use our new digital tool, the Navigator, to assess your readiness in the areas of crisis management and response, workforce, operations and supply chain, finance and liquidity, tax and trade, and strategy and brand.
In a volatile market environment, leaders need to proactively position their organization for success. Economic, regulatory and technological shifts may cloud decision-making, but scenario planning and the agility to pivot can create competitive advantage.
Explore our insights collection below for more on this topic.
"Confronting uncertainty, leaders must act quickly to expand their field of vision and create a range of options to pursue. Making decisions in a way that is both more dynamic and resilient will enable organisations to thrive in the full spectrum of uncertain outcomes."