• What Does “Future-Proofing” Your Business Actually Mean?

  • Apr 22 2021
  • Length: 1 hr
  • Podcast

What Does “Future-Proofing” Your Business Actually Mean?

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  • Summary

  • The Buzz: “Future-proofing is the process of anticipating the future and developing methods of minimizing the effects of shocks and stresses of future events. In general, the term future-proof refers to the ability of something to continue to be of value into the distant future—that the item does not become obsolete. [en.wikipedia.org/wiki/Future_proof] We hear it all the time: leaders need to “future-proof” their businesses. But what does that actually mean? One thing is clear, you must start with a solid foundation and be ready to change. In the currently evolving post-pandemic world, it can be difficult to determine when you have that solid foundation. Is the same as the one you had pre-pandemic? And while the driver remains the same: achieve resilient and consistent business outcomes – and the benefit is similar: support continuous business innovation and drive profits and growth – the way this is achieved might be radically different in 2021 and beyond. It can affect all aspects of your business – what you sell, who your customers are, what their buying behavior is, and how your employees work to support those customers. We’ll ask Deloitte’s Mike Bechtel, SAP’s Thorsten Leiduck and Deloitte’s Arjun Krishnamurthy for their insights on the best way businesses can prepare for a semi-known future.
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