With the launching of the $1.9 trillion relief plan, economists are predicting a 7% GDP growth in the US for 2021. This is the largest GDP growth since the surge in 1983 and many industries are not prepared to meet a surge in demand. Economists also predict a surge in Read more…
“Uncertainty in the economy, society, politics, has become so great as to render futile, if not counterproductive, the kind of planning most companies still practice forecasting based on probabilities.” -Peter Drucker, 1995. It has been one year since we wrote the original piece on this topic. Today we are seeing Read more…
Herd Immunity or Business Activity Greatly Increasing? The first answer to the title is based on what you consider the end. If you are looking for full herd immunity in the US, estimates cluster around fall 2021. If you are looking for greatly increased business activity, estimates cluster around May/June Read more…
Bold planning for your post COVID-19 future For many of us, 2021 is an opportunity year. Research from McKinsey & Company illustrates how incremental planning for 2021 will cause your firm to underachieve in 2021. Here are three steps for your 2020 exit and a transformational 2021: Examine business units: Read more…
Time is of the Essence! With the number of COVID cases rising nationally, we are starting to see another wave of COVID mandatory shutdowns. It is critically important to plan for the shutdown on your business to preserve enterprise and shareholder value. With most businesses, this means implementation of loss Read more…
After six months of working from home, are you working at all hours of the day and night? Do you fear that you are burning out? Many dedicated executives and staff are feeling the stress of not disconnecting from their work. The result is depression, mental sluggishness, and declining work Read more…
What do all these major companies have in common: Allstate, American Airlines, Carnival Cruise Line, Dell, Disney, Ford, Hilton, Goldman Sachs, Kohl’s, MGM, Marriott, Ralph Lauren, Raytheon, Shell, Uber? They will all be employing far fewer people next year due to fallout from the Coronavirus. Most of us have been Read more…
Your new ERP system is installed; your team is figuring out how to move around and use it. Inevitably there are additional wants, fixes, irritations, and broken situations. You call the software provider, voicing your concern and they respond offering to send a team to your location. Thinking that the Read more…
CFOs in Stage Two Businesses Well-established businesses are pivoting during COVID-19 and changing their business models for various reasons – lack of demand, lack of supply, lack of employees – and, of course, all the government mandates to control the spread of the Coronavirus. The use of a fractional CFO Read more…