Our way of business has been amended – the rise of “Advisory Boards”

Covid 19 has proved to be the seminal disruptor. Historically, when businesses undertake a dramatic change is normally instigated from the top and planned. Walking into the post Covid 19 world business will have changed and our most valuable asset, our people, will have new experiences.  Commentators are telling us we will emerge from hibernation, having missed the dramatic change that has occurred in how we do business. Our fears of not trusting staff, unless we can see them, have dissipated. Employees belief in most employers has gone as even the professional services firms cut salaries and conditions. The need for physical meetings will be for ever lessened the need for physical offices diminished. We are now doing business with people living in the same city whom we have not met face-to-face. It is now the new norm. The worrying thing is that we are now even more contactable and for most of us there for working longer hours.  We can expect to see the role of boards again reviewed but perhaps back to more traditional roles of guidance rather than focusing on compliance. How we run our businesses will change to we expect to see more “advisory board” roles – people working one day a week for 4 or 5 companies. 

CONTACT ME!

Paul Raftery