COVID19. DANGER The PANDEMIC UNPRECEDENTED Time frame Quotes - - PowerPoint PPT Presentation

COVID19…. The PANDEMIC

UNPRECEDENTED

DANGER

Quotes… Time frame…

Post MCO Before MCO (BAU) MCO Post COVID19

Before 18 April 2020 MCO1, MCO2, MCO3, MCO4: 18 March 2020 until 12 May 2020 Beyond? Short Term-Familiarization Long Term Term-Implementation & Review

• 1. Using technology
• 2. New Emerging Market
• 3. Change of Market Behaviour
• 4. Change of Customer Behaviour

DURING MCO

How do we prepare ourselves? Possible areas…

ERRC Manage Change Impact analysis for different scenarios Plan & Strategy; scenario planning Risks Training

• upskill?
• reskill?

Communication

• Virtual
• stakeholders

Technology

Quotes… Durin ing MCO

MCO

MCO1, MCO2, MCO3, MCO4: 18 March 2020 until 12 May 2020 Beyond? What is your Business Continuity Plan? Plan & Strategy; scenario planning Impact analysis for different scenarios ERRC Eliminate Reduce Raise Create Risks Training

• upskill?
• reskill?

Manage Change

IF IFAC in interpretation for busin iness contin inuity pla lan

The Business Continuity Plan is based on the Prevention, Preparedness, Response and Recovery (PPRR) framework:

POST MCO

Post MCO & Post COVID19

Post COVID19

Very volatile MCO comes back? Covid19 comes back? NATURE OF EVENTS ▪ Dinner, lunch ▪ Official and social gatherings NATURE OF WORK ▪ Office vs home NATURE OF ENGAGEMENTS ▪ meetings, ▪ presentations Possibilities Manage Change CHANGE OF BUSINESS MODEL OVERALL WAY OF WORKING

Post COVID19 - Usin ing TECHNOLOGY

Technology Computers/Laptops/Tabs Servers Clouds Teleconferencing Internet Software

Post COVID19 - New Emergin ing Market

Post Covid19, there is potential for new markets or Emerging markets which will be the forefront of economic growth, generating the highest rates of real GDP growth in Malaysia and globally. Usually the Emerging market citizens are harnessing technology faster and more enthusiastically than many of the developed-market peers. Normally it will give huge growth potential. Take the opportunity. But you need to identify them.

Post COVID19-Change of Market & Customer Behaviour

Post Covid19, with the change of business, a NEW NORM, it will change the overall spectrum of business. You will have new markets and new customers. This is where you need to drive the whole organization to adapt to the changes and manage the change. Digital transformation Rise in online shopping Demand for specific items Another important aspect of the rise in online shopping is the closure of stores

Post COVID19-Change of Market & Customer Behaviour We must embrace technology and upski kill l ourselves to allo llow dig igit itali lisation to happen

Post COVID19-Change of Market & Customer Behaviour

Post COVID19-Change of Market & Customer Behaviour

Post COVID19-The IR IR 4.0 .0 Components

Vacuum cleaner

Adopt and utilis ilise dig igit ital technologies…

➢ Technology - IOT, Blockchain, AI & Cloud Computing are “tools” to serve a purpose ➢ Adoption - Requires culture change ➢ Utilisation – Requires clear understanding of purpose

How do we prepare ourselv lves?

Dig igit itali lisation is is als lso about cult lture change.. .. and human capabilit ities How do we prepare ourselv lves?

“Technology is nothing. What's important is that you have faith in people, that they're basically good and smart, and if you give them tools, they'll do wonderful things with them.”

• Steve Jobs -

How do we prepare ourselv lves?

The realit lity can be dif ifficult for those who resis ist change

➢ Culture and mindset shifts are critical not only for sustainability of our

• rganisations but also personal careers

✓ Embrace and promote change ✓ Be consumer-oriented ✓ Embrace “design thinking” – experiment, learn and improve ✓ Encourage and reward innovation ✓ Engage, communicate & collaborate ✓ Upskill talent and digital capabilities

“The World Economic Forum estimates that about 75 million jobs may be displaced globally by a shift in the division of labour between humans and machines.. While 133 million new roles may emerge that are more adapted to the new division of labour between humans, machines and algorithms by 2022.”

How do we prepare ourselv lves?

How do we prepare ourselv lves?

To enable people to participate in AI economy, transition strategy required in 3 social interventions as follows: 1.Upskilling: To bring people up to speed with how best to integrate and work alongside AI.

• 2. Re-skilling: to help people displaced by AI to find alternative

source of income and meaning.

• 3. Reinvention to identify the social and cognitive skills and the

education content that will enable the next generation to thrive in an AI world. Training

• Upskill?
• Reskill?

What is is the Fu Future of Work?

What is is the Fu Future of Work?

Technology adoption by industry and share of companies surveyed, 2018-2022

What is is the Fu Future of Work?

Strategies to address shifting skills needs

Quotes…

We need to be PREPARED and READY!!

It's the way global leadership is viewing the business world we now live in

Quotes…