RIGHT APPROACH
Avoid hasty decision-making; wait till the end of the lockdown or even end of the month, if possible. Instead of taking piecemeal calls, take decisions that are final
Before taking any tough decision, get buy-in from the entire organisation. Involve more people in the decision; ask for suggestions on where the company can save on costs
Go overboard with communication. Explain the rationale and the situation the business is in, not just through an email, but also personal meetings or a townhall
While the communication is not always pleasant, do not stop employee engagement activities that can be done digitally so that camaraderie in teams remains
Walk the talk. Leaders should be the first ones to take the brunt of a pay-cut. That puts out the message that they are trying hard to look out for the junior members
هذه القصة مأخوذة من طبعة May 03, 2020 من Business Today.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة May 03, 2020 من Business Today.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
"Understand what drives key talent"
Novartis India is a part of the Basel, Switzerland-headquartered pharma major Novartis AG
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SIGNATURE MOVE
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TIME TO UNSHACKLE?
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DIGITAL DICHOTOMY
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"ChatGPT helped people understand the benefits of using AI"
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ON THE FAST TRACK
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WE HAVE A MODEL MADE IN INDIA, FOR INDIA, AND BY INDIA"
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WHAT THE FUTURE HOLDS FOR AMAZON INDIA
THE E-COMMERCE GIANT HAS SEEN STEADY GROWTH SINCE ITS ENTRY INTO INDIA IN 2013, BUT THE OFFLINE PIECE REMAINS A CHALLENGE. AFTER LOSING OUT ON THE FUTURE RETAIL ACQUISITION, HOW DOES IT PLAN TO KEEP THE GROWTH ENGINES REVVING?