For many startup leaders and established company owners alike, a new challenge looms: how to ensure the success of your organization in an unpredictable and unstable period defined by the pandemic.
Throughout the pandemic era, more than ever before, businesses have needed to work faster and smarter, as Krish Subramanian from Chargebee discusses when he sat down to speak with us. With plans of action constantly changing, organizations have had to simultaneously map out their short-term path and plan for their long-term recovery, all while maintaining sustainable revenue and adapting to the “new normal.”
The Importance of Innovative Leadership
Leaders who can create and sustain a drive towards scalable revenue are the ones who will lead their organizations to recovery and growth. However, achieving this kind of momentum is easier said than done.
Ensuring consistent revenue to keep the lights on today while getting well-positioned for future success a post-covid era is a complex balancing act. Although you don’t want to spread your business too thin, strategic planning to focus on predicted areas of success will become the driving force in your organization’s revival down the road. Those who demonstrate a variety of valuable skills with interchangeable abilities and action plans are the ones that will be able to recover and thrive. These new focus areas can include:
- Startup mindset. The startup mindset places action over research and testing over analysis. Compared to other frameworks, this mindset can create more immediate, tangible change to the progression of a business, and deliver rapid results to help navigate a turbulent business environment.
- Human at the core. Rapid action calls for redefined operating models. Building this new definition around methods where people work best can ensure a successful pivot in the right direction. In other words, let your people lead the process, and not the other way around.
- Redefining consumer values. There has been a deep recalibration of how customers make decisions, and many of them have adopted new values. This shift means that businesses have had to reevaluate their understanding in the way consumers think. Companies that incorporate ethics and values into their products can maintain a competitive advantage, while smart pricing strategies play a key role in product performance during inflationary times.
How Can You Ensure a Reliable Revenue Flow to Your Organization?
Ultimately, leadership behavior is what drives companies forward, and is responsible for reimagining the business models that empower a business to come back stronger than ever. Strategic focus areas in your company’s plan of action should include:
- Recovering revenue.
- Rebuilding operations.
- Rethinking your organizational structure.
- Developing a new rapid and agile operating model.
- Accelerating the adoption of digital solutions.
How to Ensure Your Businesses Success
If you want to find the best plan of action for the revival of your organization in an uncertain post-pandemic world, watch our Annual Conference On Demand Session for How Not to Fail at Scale with CEO of Chargebee, Krish Subramanian.