If there’s one thing previous crises have taught us, it’s that those organisations that are prepared to respond fast to opportunities are most likely to be successful in the long run. Covid-19 is no exception, and as this paper by Howard Yu, Mark Greeven and Jialu Shan of IMD Business School shows, the most innovative organisations in sectors including automotive and financial services are already pulling away from the pack.
This paper discusses, creating a culture and organisation design that facilitates fast decision making and learning from experiments is an area where HR can make a significant contribution to organisation performance. Yu, Greeven and Shan show us that it’s not just digital startups that are poised to benefit from the economic rebound, and outline some steps we all can take to be better prepared.
Read more: CRF Forum Briefing Paper