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06/07/2021

Innovation Thrives Post-crises

Now is the time to embrace change and growth

Recently, I've spoken with a number of people employed by companies, large and small, and to a number of consultants. The list of challenges most businesses face in the aftermath of COVID is rather significant. Many businesses are finding it difficult to find the workers they need; those that do have the workers are struggling with remote or in person work issues. In the middle of 2021, it seems that inflation is almost inevitable, meaning prices on a number of goods and services will increase. This expected surge in costs will force changes to existing plans.

Supply chains are clogged, unable to rapidly restart as the economy improves, causing shortages and disrupting normally smooth operations and just in time systems.

With all of these (and many more challenges) you can imagine that management teams are planning to maintain the "status quo." With so many unknowns and uncertainties, they are unlikely to try to unleash any really risky or uncertain projects, and innovation projects almost always qualify as uncertain and risky.

Please select this link to read the complete blog post from Innovate on Purpose.

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