There has been major shift to the economy and it is not only in one place but allover the world. People around the world are suffered from the pandemic. However, being adaptable to the current situation is required to survive. It is also applied to how business works. Only those who can adapt and innovate survive. However, it may be easier said than done because the reality of the crisis is not something to take so lightly. Not all business are adaptable or flexible.
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Making your business more adaptable
As business leader, you must aware of the urgency of the situation. It affects the market and the operational matter for business. Adaptability is one important quality a business should have. This way, it is easier to find possible solutions. Here are some tips to make your business more adaptable in facing any kind of situations:
- Start building and developing your own adaptability and agility. You can start by demonstrating the culture of adaptability to others. Do not fear to show your vulnerability because it is not a weakness. However, you also should show how you are willing to improve yourself and make better decisions.
- Effective communication is critical for business to run smoothly. Everyone involved in the business should be able to build healthy, effective communication. During the crisis, adaptability also relies heavily on communication. As the leader, it is important to emphasize the importance of it. Be more transparent in communicating the issues and open a dialogue with everyone so they know what crucial changes are made.
- Share a sense of purpose and freedom to experiment. During the crisis, it is not easy to find the right solution. What we can do is to do our best. It includes making experiments. It is easy advised for business leaders to not be afraid of experimenting. Also, encouraging others to experiment is not bad either. Let the others share their ideas and opinions about the experimental solutions without being feared of the retribution.
- It can be too hard to make decision especially when you have many things to consider. However, it will help you to make decision if you tie everything to your values, vision, and mission. As long as new approach or method can still tie the core truth about your business, then it is okay to rally it around for everyone.
- Listening to your team members will help your business to be more adaptable. Diversity in ideas and opinions shared between leader and team members can make differences. Leaders are not the only one who have to respond to the change. Team members also have to share their opinions and ideas to address the issue.
- Always encourage constant learning and make it as a culture to gain learning opportunity. This way, everyone in your team are easier to adapt to any kind of situation which leads to stable business as well. By constant learning, you and your team members are more visionary and have more understanding to gain clarity and resiliency to adapt.
