How to navigate through and beyond the corona crisis: A ten step guide for leaders

In the midth of the pandamic great leaders look ahead.

Besides some general observations like accelerated digitalization, impacts and opportunities are very different for each market. Nevertheless, there is a set of steps leaders should follow to navigate through the crisis and beyond.

As soon as health and safety of employees is secured, liquidity is secured and a sufficient level of operability is achieved, looking ahead and deciding on the way forward is the prime duty of every leader.

This is a long article, so these are the ten steps to navigate through the crisis based on our scenarios (or any other scenarios for that matter):

  1. Develop your own assumptions on intensity, length and consequences of the crisis
  2. Check how your existing future assumptions are affected
  3. Understand the impact of the crisis on market players and market dynamics
  4. Derive assumptions on how the crisis will change your market
  5. Check the viability of your mission and vision and adapt if needed
  6. Identify opportunities during the crisis
  7. Identify opportunities to gain competitiveness from the crisis
  8. Develop contingency strategies for surprising developments
  9. Write an action plan
  10. Monitor your assumption and your results

The full article is published on LinkedIn Pulse.

More mobility – fewer cars: is the German automotive industry threatened to go down?

In retrospect, the early 2020s will mark the beginning of the end of motorized private transport and the internal combustion engine. The automotive industry is facing massive changes, as the mobility world of the 2030s will be a different, radically data-based and service-oriented one. In the worst scenario, German automakers are suppliers to the big US IT giants.

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Six strategies for success in the next era of mobility

Electromobility and autonomous driving will come. I remember well that even in leading automotive companies this statement was fundamentally questioned just a few years ago. Today, this statement is a common industry assumption. The disagreement in leadership teams remains only about the speed of change and the urgency of action.

Some politicians are still talking about a bright future for the diesel engine, but the leaders of successful automotive companies, suppliers and mobility service providers are already setting their companies up to the next era.

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We need vision: How to use your most powerful leadership tool

Successful transformation needs a clear vision. Even in turbulent times, it gives a company the orientation, orientation and clarity it needs to respond to external changes and not only survive the change, but actively participate in shaping it. It gives each individual employee an answer to the questions “Where do we want to go, who do we want to be in the future, what do we want to achieve in X years?”

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