No business can hold onto success by remaining exactly the same forever. Especially during uncertain times, business leaders should anticipate shifts in the market and be prepared to evolve their companies. Often, this means updating and adapting your business model to better suit the current climate and meet consumers’ changing needs.
Of course, effectively and efficiently recalibrating an established system is easier said than done, so we asked Forbes Coaches Council members for advice. What first step should business leaders take when analyzing and modifying their business models to better align with fluctuating market demand? See their enlightening responses below.
1. Create Space To Explore Solutions
Give yourself and your team space for exploration. Permission to get curious about potential solutions, even if they seem outrageous or unrealistic, is