Do We Need To Innovate & Adapt Better?
Covid 19 has change everything in how we do life.
Businesses both big and small have had to seriously review how they do service. In the UK, working from home was not common place in the beginning of 2020. However, because of lockdown, many large to medium scale businesses had to adapt quickly and become innovative in their ideas, in order to make ‘working from home’ happen for its employees, and to keep their services running. From local GP services, banking services, utility services, social services, schools, etc. All had to ensure processes, equipment and robust systems were enabled in order to function, in a now extraordinary world. The change was so stark and dramatic, that questions have since arisen around huge corporation sites and buildings which have stood empty and the rising question of “are all these buildings still required?” Once things start opening back up towards late Springto early Summerthis year, will all those office buildings ever be fully utilised again? Let alone needed?
In the City of London the loss in office and corporate staff, has changed the dynamics immensely. The impact to the viability of smaller supporting industries that rely on corporate employees as their customers, has been nothing short of catastrophic in places. The loss in footfall since March 2020 has meant, many businesses have gone under and simply won’t exist by Summer 2021 when business start to open up again.
The emotional and mental pressure to stay afloat has been hard. The hands of many organisations were forced by Covid to change and change fast. Technology became fundamental in enabling this to happen and I believe these changes are in many cases here to stay. Zoom and Team Meetings have become the norm in communicating, connecting and socialising, At first they were even the life line for families and friends to be able to see each other. Hence the upturn in the use of their services and demand requiring them to adapt fast.
Why Does Business Innovation Matter?
Covid truly is ” the unthinkable” situation, but innovation has always been an essential aspect of any business in order stay relevant, cost effective, finding new businesses and remaining profitable. Innovation carries risk, and depending on how much risk you are willing to take, can determine your existence.
Examples of this are Apple and their move to launch a number of new innovative products like the ipod during a time when it was going against trend and many believed it would not work. While Nokia and BlackBerry are the examples of missing the innovation boat. Therefore, innovation is truly about timing and recognising an opportunity or as I have heard it said “exploiting” and opportunity.
Just as it is important for corporations, businesses and technologies to adapt, so it is for us as individuals. It is important that we to are innovative and adaptive to change on a personal basis ourselves. In order to be at our best.
We may find that we are forced into having to change like many businesses have been this past year. Loosing your business, your job or being furloughed are not easy changes to adjust to. The reality of coping with such a crisis can be overwhelming. It takes courage and strength to find a way to not only adapt but to overcome such challenges. To somehow make something out of nothing.
But change can come in the smallest, yet simplest of things. That maybe focusing on your health both mental and physical. Simple walks that change your environment, getting you out of the house. Maybe you find that you think better outside the house than in side. Whatever works for you. Many a dream is built or life has been changed, by ideas and plans plotted while out walking or running.
I have read and watched some great stories of people who have started small initiatives during lockdown and found that their lives have changed. Some generating from having time to bake for instance, which became so popular that a business was born. Some ideas were just from caring about their community I.e exercise classes on Zoom or YouTube and demand grew.
One of the best adaptations I have seen recently, was a small business that provided tours or a taxi service in London via pedal bikes, who during Lockdown experienced their business literally dropped by 95%. Somehow, they recognised a gap and began to provided a service for vulnerable cancer patients to still maintain their medical appointments. Because the patience had minimal contact with people and were not within an enclosed vehicle they were less likely to be in contact with covid. This adaptation by the business generated a whole new line of revenue enabling its riders to stay in work, by providing a much needed service. https://www.bbc.co.uk/news/av/uk-55548820
Change may require thinking about something totally new. Maybe it’s something you have always wanted to do but their was never enough time or it just seemed the time was never right. I believe 2021 is still a challenging year, but so are the years ahead, to be fair. So to go for your dream now, really is as gooder time as time as any.
Anyone in business now has to find courage. Whether it is to start or whether it is to keep going.
Ideas come to us all the time. But not many of us turn these ideas into realities. Is there anything you would like to do this year? It doesn’t have to be starting a business, but maybe its picking up something you use to do? Maybe walks could be combined with photography? Maybe having more time could allow you to explore your crafting side? Truth is it’s never to late to pick up your dream.
Well until the next post. Be the change you want to see.