There is opportunity in adversity in every business. It may seem callous to stress opportunity in the midst of a humanitarian crisis, but leaders have an obligation to look ahead, to anticipate and meet new customer needs, to evolve their strategies and organizations, and in so doing sustain the prosperity of their enterprises.
A year before the COVID-19 outbreak, we argued in Winning the ’20s that the basis of competitive advantage was shifting. The combination of technology-fueled change, the rise of new learning technologies, and declining long-term growth rates, which require accelerated innovation, called for companies to compete on their rate of learning.
The review, prepared by experts at McKinsey & Company, focuses on the new realities of economic and social relations caused by the COVID-19 pandemic and its consequences.
NAFI Research Centre presents its special research project Russian Businesses and the Coronavirus about the impact of the pandemic on the Russian economy, the necessity for state support, companies’ need to reduce expenses and its effect on the staff, and affordability of lease payments.
In this bulletin, the Research and Forecasting Department of the Bank of Russia examines the financial market and monetary policy in the current conditions created by the pandemic.
