6 COVID-19 Business Strategies | Technicorum

SINGAPORE - Sept. 10, 2020 - PRLog -- In these uncertain times, where the world has gone into "pause" mode, and globalisation has ground to a halt and entire industries have collapsed or are collapsing, massive structural, economic, societal, and cultural changes are taking place, and businesses have had to adapt or perish.

So what are some business strategies that can help in these trying times?

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Going Digital – The only way to reach out to clients is essential to have an online presence and shopping portal. Therefore, it is imperative for businesses to get more of an online and digital presence. At the Technicorum Group, we help businesses to digitise and get online effectively.

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Adopt flexible work arrangements and online collaboration and working tools –  At the Technicorum Group, we use GoToMeeting and Zoom for project collaborations and webinars and online meetings.

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Identify and strategise – it is very important to consider all the aspects of the business, to evaluate how the business will be impacted, and to then consider and implement contingencies and how to remodel your business to fit the new normal.

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Set up project management teams – businesses will need a core team that can make and implement new decisions quickly, to examine scenarios and to come up with solutions and then to enforce the adoption of such measures across the entire organisation.

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Aim for survival and resilience first and foremost – Investing into uncertain partnerships or supply chains is a risky decision, and it is more important to make sure that contingencies are in place for survival, in case key partners run into difficulties from which they cannot recover. At the Technicorum Group, we help businesses to raise funds in a variety of ways.

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Integrate governmental policies rather than focusing purely on business economics – it is important to identify and stay alert to government policies as they will impact businesses in a major way, rather than the previous business environment where governmental policies would not impact the normal way of doing business as much.

So going digital right now will be the best choice during this pandemic and if you would like to know more about what we do at Technicorum.


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