Offer incentives to create change from within
Establish starter funds for entrepreneurial youngsters who come up with new ideas so as to build 'businesses within a business'
Add BT as a preferred sourceSOME businesses are having a rough time under Covid-19, in particular hospitality, travel, tourism, vehicle sales, retail shops, entertainment. Within each of these, there are good spots - home delivery, electric cars, private jets, for example - and some very bad ones.
Routinely, it has been the job of management to rescue those heading for disaster. But managers are not always the best people to do so. They tend to be older, to have built the business and established the order of things. They are familiar with, and are specialists in, what it was originally intended for. And they are probably more set in their ways. Their relationships with each other, and with their customers, are long established. "It was all going so well and then, suddenly, the virus."
Should management take the lead?
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