Your Company Downsized During the Pandemic. Here's How to Rebuild.
At the start of the pandemic, many companies made cuts to personnel costs to make up for declining revenues. Now, as the recovery begins, many midsize business leaders' instinct is to rebuild their organizations as they were before. But this is counterproductive. Previously, midsize companies could succeed by selling to a broad market in a one-size-fits-all way. Today, leaders must understand their profit-based customer segments and organize to provide the right services to the right customers in the right way. Especially for midsize companies that have the agility to move fast and tie up the most lucrative customer segments, rightsizing is essential to lasting success.
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Editor's Note: When you're the kind of person who goes to Las Vegas 30 times a year--who needs to go to Vegas 30 times a year--you leave no detail unplanned. Trips to meet up with California startup founders provided an easy, and geographically convenient, cover; he could tack a binge weekend onto the tail end of a business trip. By the time the Vegas jaunts took over his life in 2018, he'd begun going twice a week.
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"Are we being good ancestors?" should be the central question of our time Within a few days of the covid-19 lockdown in Oxford, UK, the street where philosopher Roman Krznaric lives had transformed. An email chain quickly morphed into a WhatsApp group with over 100 neighbors. Parents traded homeschooling tips and compared bread recipes. Food packages, coordinated via cell phone, were delivered to the most vulnerable, and when…
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