Dave Munton, Head of UK Markets and Clients
“Businesses need to continue to be agile and adapt, and to redefine value in this dynamic world. The key constant is change, and those businesses that can embrace change in a confident, prioritised, focused way will inevitably be those that emerge the strongest moving forwards.
What is clear across the businesses we speak to, in the large part, they're doing well. They are embracing the change. They are being bold, they're being confident, and they are preparing to move forward.”
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Key priorities for business
Follow the link below to watch our webinar, where BBC newsreader, Kate Silverton, hosts a panel of our experts as they discuss the key business priorities for business leaders to keep front and centre of their minds for 2021.
Here's a snapshot of what they have to say:
Ensure access to the data you need to make decisions
Alan Dale, Partner
"Successfully operating in a changing world requires two key things: accurate data and a mindset around leadership.
Simply, have you got the right systems capturing the right data in the right ways? Turning data into real insight that lets me know where my business is at, how the market is changing, and how I understand my business performance.
Secondly, in these agile times, it's about leaders having the confidence to take decisions - take bold decisions.
You've got to take well-informed decisions, work out which ones are right, and double down on those. And where you don't get it quite right, you then adapt, refine and change."
Develop a workforce for the future
Justin Rix, Partner
"In 2020, the ability to adapt quickly and effectively has been absolutely vital to not only navigate the challenges that the last 12 months posed, but also to be able to take advantage of any opportunities that have emerged. For most organisations, the critical role that their people play in their agility and resilience, has also come into sharp focus.
Moving into 2021, the key themes for many businesses in terms of their people agenda are:
- Employee wellbeing - ensuring that this is embedded within business-as-usual, the culture of the organisation and aligned to new ways of working.
- Skills - rapidly evolving business models, the importance of technology, and greater demands and expectations on leaders, have all contributed to creating significant skill gaps for many businesses.
- Future ways of working - what is the role of the workplace and the challenges of managing a more-agile workforce? How do we measure productivity based on output rather than input?"
Redefine how you think about value
Maria Thomas, Director
"There is a bigger picture question linked to value, which is what are we all valuing now?
Traditionally we have looked at those core aspects of, what markets are you in? What is the growth opportunity? How did your business trade before now? And what's your management team like?
We're really shifting to a new framework now, and I think that is assessing skills, information, technology and ESG (environmental, social and governance), and it's really important. I think investors are now thinking about redefining value and value in the context of ESG."
For more detail on what we think you need to keep in mind for 2021, view the full webinar recording.