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Overnight, we witnessed the economic downturn caused by COVID-19 presenting to us a new reality wherein CEOs must discern and adapt.
Lendingkart is financed by investors like FFH, Saama Capital, Mayfield India, Bertelsmann, Sistema Asia, India Quotient.
Travel and tourism sector has periodically faced upheavals that threatened to derail businesses. From an economic downturn to natural calamities, the sector has periodically faced many challenges. The pandemic may be the stiffest test it has faced in decades, but Deep Kalra, Founder & Group Executive Chairman, MakeMyTrip, says multiple disruptions have taught them the value of resilience. Preparing for the tough days during good times is the most prudent strategy.
Governance of an enterprise encompasses several aspects such as the composition and role of the Board of directors, decision making process, oversight of management, compliance and compensation practices.
Trust is that building block of an organization that keeps it strong. It inspires employees to give their best to the company, and collectively that culture makes an organisation do things others thought impossible.
Uncertainty brings fear and sometimes denial with it. Women leaders may want to take a backseat, hoping the situation would automatically turn back to normal. However, the current situation calls for courage and action.
As businesses around the world suffer a big blow amidst the ongoing pandemic, there is a need to address mental health woes of entrepreneurs and business leaders.
In a moment global crisis, startups need to demonstrate ethical leadership and be empathetic to their employees.
There are no set scripts for leaders to follow in order to sail through this situation. This extraordinary situation has certainly placed some uncommon question like never before to the leaders around the world.
We are all in this together, so the ideal way is to stay transparent with your consumers about what your business is going through. Customers can empathize with companies facing a crisis, as long as the communication is transparent.
It is impractical for one or a small group of company executives to collect, and process all the information regarding the imminent threat of Covid-19 infection in their area or among their staff.
Though the satisfactory resolution of interpersonal conflict is essential, it is the prevention that should be the greater focus.
Task management is superior to time management as it provides the required flexibility, personalisation and customisation.
From hiring to remuneration and skilling to mentoring, every HR process can be improved by applying design thinking to it.
The secret sauce behind happy customers is to have happy team members. You cannot create happiness on the outside if your organization is not happy on the inside.
The biggest cause of such fires is non-delegation of tasks to responsible people with clearly defined accountability. When you delegate, you have to allow time for people to step up and demonstrate their abilities.
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