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ARTICLE · 08 OCTOBER 2021

Keeping transformations on track

While the pace of transformation throughout the pandemic is unlikely to be sustained, valuable lessons can be learned.

AustraliaInsolvency/Bankruptcy/Re-Structuring

Why transformations stall

It's difficult to make sense of the current economy. The ASX 200 is breaking records and availability of capital is driving record merger and acquisition activity. Meanwhile, Qantas has stood down 2,500 employees and universities continue to cut costs due to continued uncertainty around travel and borders.

What has been evident throughout the pandemic is how many organisations have adapted to the disruption. The burning platform created by the pandemic quickly removed cultural and workforce blockers, enabling rapid implementation of transformation plans. While the pace of transformation throughout the pandemic is unlikely to be sustained, valuable lessons can be learned that may prevent old habits returning.

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