The presence of the Omicron variant plus other simultaneous high-impact risks demonstrates that business leaders will continue to face unanticipated risks for the foreseeable future, despite substantial advances in mitigating them. Future-focused leaders adapt through six differentiating actions.
This situation demonstrates that business leaders will continue to face unanticipated risks for the foreseeable future, despite substantial advances in mitigating them. To thrive amid such risks for an extended period, future-seeking leaders continue to be flexible, adaptive and creative, challenge assumptions and work to fulfill their complex responsibility to protect their people, customers, suppliers, and communities – all while continuing to grow and be profitable.
Future-focused leaders effectively adapt to the constancy of change through differentiating actions: Today, risk has become a mainstream element of business, and future-seeking leaders recognize its new role in routine assessments, decisions and actions. While most typically do not occur simultaneously, leaders allow for the possibility, requiring both enhanced day-to-day management and agile planning as a “portfolio” of risks. They know the time horizon for risk mitigation, while a culture of adaptability incorporates new information that arrives daily or even hourly. Constantly anticipating and identifying risk, preparing for the unexpected, and being ready to act decisively when events happen represents agility at its core.
limiting the spread of Covid-19. They support testing, improved ventilation, mask wearing, physical distancing, reduced travel, and decreasing employee density through remote work or staggered work schedules in areas with high transmission
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