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COVID-19

To Paralyze or Energize your Sales Pipeline? The fate of your company depends on this one critical decision.

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When hit by a recession or by a crisis that disrupts the normal, the first reaction of many companies is to cut back, hold back and hunker down. The business mindset becomes defensive, focusing on saving money, reducing expenditure, cutting down the workforce. In abnormal times, offense may be the best defense… We believe that this is the very opposite of what an organization should do, when faced with a crisis, of the scale of the global COVID 19 pandemic.   At a time of crisis, there are essentially three overall courses of action, that any large, medium or small organization can take. A business can either become defensive and do cost and workforce reduction, or it can go on the offensive and invest and experiment, or it can take a pragmatic and progressive approach, yet innovation...

Recession proofing organizations – Thinking Series 3

This is a continuing article from my previous article,  related to business undergoing recession and need to recover from recession within a year. Recession will not leave anyone, and no one can escape, however, some organizations will provide specific medicine to reinforce their organizations to transform their capabilities. It the transition leaders choice to which what to apply and where to apply. Already a slow down economy and now it is hit by Corona Virus hit flattened. How to transfer is a major challenge. Governments are offering special packages to overcome the current challenges; however, to bring the organizations efficacy back and manage it through the recession is a significant challenge. How to transform talents and skills that support and enable the recovery? To succeed in t...

Re-opening the offices: HR role

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With little relaxation in the government guidelines amidst the lockdown due to COVID-19, companies are opening up offices with limited employees. “Back to basic” won’t apply in this scenario. Many things will change with the regard to operations, job roles, use of technology, and perception towards human capital. The workplace has new challenges to face, the major one is the concern for employee health and safety. HR has a critical role to play in this scenario, “Health and safety remain the top priority,” says Sumit Malhotra, Director, Gartner. “Give decision-making autonomy to local HR teams. With great responsibility of people and organization, HR has to make some critical decisions about the operations and business function that has to get opened. HR with collaborating with disaster ma...

Intelligent Operations Management During a Pandemic

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Covid-19 Has Shifted Operations Management Priorities Industrial manufacturers of all sizes are changing future priorities significantly. With the increased volatility and uncertainty of staffing and resources due to COVID-19, the need to maintain an intelligent approach to operations management is critical. Operations management systems provide the foundation for a company standard for operations, enhanced compliance assurance conduct of operations workforce competency, and asset performance management. Operations Management Systems Become Intelligent Operations Platforms Operations Management systems have morphed into a platform called Intelligent Operations.  The current IT landscape for many organizations is a complex combination of spreadsheets, homegrown applications, and siloed disp...

How a crisis changes the business landscape?

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By Mr. Vikram Kumar, Co-Founder and Managing Director, SRV Media Pvt. Ltd. What is a Crisis? The world has gone through many crises, The Great Depression of 1929–39, The Asian Crisis of 1997 or be it the Great Recession of 2007-09. All of these wrecked havocs in the lives of people around the world. The most unprecedented and latest among them is the COVID-19 pandemic. What a Crisis does to Business? A crisis can result in stock markets crashing down globally, increased unemployment rate, economic slump and much more. All these result in disrupting economic revenues and profits generated which is directly related to shutting down of various businesses. About 94-95% of businesses globally are small scale companies and employ a majority of the global workforce. These are the ones who are dee...

COVID 19 – Importance of Data

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COVID-19 Coronavirus is clearly on the minds of us all. It has impacted our businesses and our personal lives.  Everyone at the EDM Council hopes that you are all doing well. We all need to be diligent, follow the advice of our medical professionals, and above all, stay healthy. It is during times like these that we realize how important data is in everything we do. Combating this virus will depend upon accurate and timely data that will ultimately help medical professionals and communities stem this crisis. The systemic impact of this crisis will require the curation and use of data to fully understand the financial scope of the crisis and help decision-makers respond and secure our economy. Let there be no mistake about it, what we do as information professionals impacts our businesses, ...

The Lockdown Effect: Changing Face of Employee Engagement & Satisfaction

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  — By Mr. Vikram Kumar, Co-Founder and Managing Director, SRV Media Pvt. Ltd. Social distancing and the prolonged lockdown period have led to an all-remote working environment. Businesses have shifted to the virtual world. Employees are working from home. The interactions among the stakeholders of an organisation are happening through online platforms. There is no physical contact whatsoever. The situation is not expected to change any time soon. Considering this sudden and uncontrollable change in work-style, organisations are trying to focus on the most important pillar of their success and business continuity – their employees.  Working from  homes often with limited resources and restrictions, the employees are facing a hard time balancing professional and personal li...

End of Biometric attendance. Is Facial Recognition next?

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Given the highly contagious Covid-19 threat, the use of biometric machines has come under scanner Consider this: A steel plant has thousands of contract workers. The plant has now restarted after the pandemic. The bio-metric machine used at the security is now a risk. However, a reliable alternative is needed to check the impostors entering the plant in place of actual workers. Could facial recognition attendance system be an alternative to bio-metrics ? Face recognition As facial recognition technology adoption by mobile companies demonstrates, facial recognition is emerging as a hands-free way to gain access. However, facial recognition algorithms must still overcome some significant challenges to become mainstream. Challenges for Adaption of Facial Recognition Costs Advanced technology ...

Impact Of COVID-19 On Industrial Manufacturers

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From late March through the middle of April of 2020, ARC Advisory Group, in conjunction with automation.com, conducted a web survey to gain insights into how industrial manufacturers are being impacted by COVID-19 and how they are responding to this global pandemic.  This report summarizes the results of the survey and subsequent interviews. Clearly, no company is immune to the impacts or has had to deal with so much uncertainty at one time.   As we learned, manufacturers’  responses to the pandemic have been varied.  For example, while some manufacturers are decreasing production and furloughing workers, others are increasing, shifting, or relocating production to meet demand.  Procter & Gamble, 3M, Georgia-Pacific, BASF, ExxonMobil, Tesla, Ford, GM, ArcelorMittal, and Air Products ar...

A Small Business Guide to Surviving a Pandemic

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History is a brim of evidence on how pandemics in the past have hampered businesses around the world. A crisis that rarely occurs, it is generally the small and medium scale businesses that suffer the worst effects whenever a global pandemic arises. Take an example of the Coronavirus for instance. As the world battles the outbreak of COVID-19, small scale businesses have been the hardest hit so far. In fact, local ventures providing travel and manufacturing services are staring at a turbulent time ahead. Here’s a little survey to show how small scale businesses have been impacted due to the ongoing pandemic today. Now here’s a thing, while for small businesses to survive a pandemic calls for agile planning and implementation, the points discussed below can certainly assist owne...