How to Rebuild your Downsized Company After the Pandemic
We need to plan and prepare for how we will reopen our business, after the downsizing throughout the pandemic. Perhaps some of us are thinking that they can return without much fuss and on "automatic pilot" to the business model and the organization that always worked well before.
But according to Jonathan Byrnes and John Wass ("How to Choose YOUR Customer", HBR, March 2021), companies, especially midsize firms, need to consider the new normal when hiring new employees and have to "skate to where the puck will be". The approach that must be taken is the one that is more agile and responsive
. A "one size fits all" solution and a broad market approach will be unsuitable. Companies need a team that fits in size with those with specialized knowledge but this does not mean a return to the same organizational structure.
Do you think this is a useful tip on reopening your business after the pandemic? Do you have additional advice?