I recently read a paper from Bain & Company, The Coronavirus May Inspire a Great Retooling. James Allen, a senior partner from Bain in London, draws similarities between the COVID-19 crisis today and the war-time era of the 1940s. Allen discusses how CEOs of the 1940s adapted to their circumstances and “retooled” their businesses to thrive in post-war era. I found it refreshing that Allen gave a sense of optimism about what the future may hold post crisis, as well as cautioned the reader to have a level of patience. “Retooling” may take a while. Feel free to forward this to your friends, especially those that own a business, as they are facing a new set of challenges.
