The Remote Work Survey shows that 73 percent of employees would like to work remotely at least two days a week, even once COVID-19 is no longer a concern. Similarly, 55 percent of executives are prepared to expand options for employees to work outside the office.
As companies are innovating, implementing new technologies and entering into new markets, their business models may call for a board of directors with new skill sets. But boards shouldn’t focus on adding a director with just a singular new skill set.
via Spencer Stuart
“For the past 10 years, a variety of game-changing emerging technologies were a big focus for companies looking to innovate and differentiate. This tech enthusiasm may deflate during the next few years. Begin thinking about restructuring plans for digital transformation in the current environment.”
The pandemic recession will put more strain on tech budgets than ever before. Many CIOs will need to go deeper than delaying hardware purchases or trimming the new project portfolio. Application rationalization should be front and center as a source of new efficiency and savings.
“Although B2B companies may believe that their focus on liquidity and other short-term concerns is justified, it could be costly. Our research suggests that companies are more likely to thrive if they act aggressively to capture market share during downturns rather than wait for the recovery to begin.”
“It has also become clear that employees prefer not to work in these ‘clean’ environments: Several organizational leaders have shared with us that, in surveys of their employees, 70% or more workers consistently said they would rather continue to work from home than go into reconfigured offices and be required to wear masks.”
As business leaders champion growth initiatives in COVID-19 recovery, CFOs can create more value by focusing the business — and resource allocation — on competitive differentiation. However, according to Gartner’s assessment, most CFOs don’t do that.
By enabling frontline sales to navigate the world of virtual sales, sales leaders position their organizations to gain customer confidence and trust, accelerate their renewed go-to-market strategies, and drive growth. Savvy B2B marketers support this key trend.
Because of the pandemic, leadership teams have embraced technology and data, reinventing core processes and adopting new collaboration tools. Technology and people interacting in new ways is at the heart of the new operating model for business — and of creating an effective post-pandemic organization.
“The move to digital is clearly gaining more attention and investment from the C-suite. 77% of CEOs say their company’s digital transformation was significantly accelerated during the crisis. 40% are already spending more on IT infrastructure or platforms. That expense was second only to workplace safety spending, which has majorly increased at 50% of companies.”