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Corona has changed the world

The word crisis comes from the Greek (κρίσις krísis) and generally means a climax or turning point of a dangerous conflict and its decisive point. A crisis can end well or badly and the outcome is fundamentally uncertain. We are currently experiencing a crisis in which everything is open for the time being and nobody can predict what will happen next.
This is exactly why we need to prepare ourselves now for work and life after the crisis.

What happens when it's all over? How will we behave in the future?

Whether it will be a severe recession or just a short-term dent in economic growth remains to be seen. Now you can see how the wheat is being separated from the chaff in some companies. For example, you can see the immobility of a company when it is almost or already too late to make decisions. Or when the strategy is changed at an early stage at another company by obtaining support to efficiently adapt modification processes again and again to the respective situation within the company. 

We ourselves at IMIG have also experienced a recession, which was not so long ago in the years 2008/2009. With the right decisions we got out of that situation well and this principle still applies today. The complete supply chain strategy was put to the test at that time, for example. What will the flow of goods look like in the future, which suppliers will supply us with which raw materials and who will be our lead customers for a restructured product portfolio? In addition, free internal resources were used to process open projects to increase efficiency instead of sending employees on short-time working.

You could say that one good thing to come out of a crisis is that it exposes strategic weaknesses in the entire value creation process. The all-important question that arises here is whether the determining weak points are also identified because this is the prerequisite for systematic elimination of these weak points.

Our experience has taught us that there are not only wrong answers but also wrong questions! This change which we are experiencing now in Corona times is accompanied by uncertainty in the future and can be perceived as a danger and risk. It is absolutely essential that we don't go into shock and just wait around because this is how chances are lost and opportunities are missed.

The memories of the cuts made about 11 years ago are still fresh and the fear is still deeply ingrained in many. The red pen is being used yet again and harsh cost-cutting plans are also being discussed What can be done? There are alternatives to this, namely the early recognition of imbalances and timely countermeasures. We are able to identify risks thanks to our many years of practical experience. We will work with you to find the best solution and then implement it successfully for you and your company.

We, at IMIG, can take this uncertainty away from you and accompany your company as a partner during this phase. Let's accept the challenge together.

And as Einstein once said: "The important thing is not to stop asking questions." So if you have any questions, please let us know!

 


Dino di Lucrezia
Consultant I IMIG Germany

For further information please contact us either by mail: marketing@imig.com or by phone: +49 7152 928 460.

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