Charting A New Business Path In Time Of Uncertainty Through Adaptability

Charting A New Business Path In Time Of Uncertainty Through Adaptability

A good number of businesses today are in some state of flux occasioned by the COVID-19 issue still being experienced all over the world. It’s no longer news that things have changed and will continue to change. That’s how we’ve always done it is long dead and buried!

Change is inevitable in life, and this is one of such grand changes. While change can be scary and intimidating, embrace it and look at change as an opportunity to improve, learn, and grow.

Though change is emotionally disturbing, arming ourselves with lots of adaptabilities will go a long way in handling the change. Similar to that, adjusting our expectations will go a long way in helping us to flow with the winds of change, by making us more adaptable.

What is adaptability and why is it important?

Adaptability means one can quickly respond to changing trends, innovation, destabilization, industry shifts, and so forth.

Adaptability expands your capacity to handle any change. It will help you stand strong in a seemingly hopeless situation. Instead of throwing away your energy trying to change your circumstance, you will change yourself right from within, thus making you thrive in whatever situation you find yourself.

In the words of Charles Darwin’s said, ‘It is not the strongest of the species that survives, nor the most intelligent, it is the one that is most adaptable to change.’ Adaptability is one of the top human skills. So, where and how do you need to adapt?

In this new era, adaptability has become the watchword of doing business, and a business and career skill that we must possess. We can consciously develop – and trigger – our innate ability to adapt to new situations.

Now is the time to face your fear head-on, experiment, see opportunity where others see failures, they are resourceful, they think ahead, don’t whine.

Take Risks. Taking risks is a key part of being adaptable. This is the time to embrace learning – skill-up and knowledge-up by all means!

Adaptability opens up your mind to new ideas, makes you question the status quo, and gives you the willingness to go against convention. Adaptable people aren’t scared of change, as they will first make necessary plans to handle it.

The author, Dr. Max McKeown, believes that adaptability is a major factor in differentiating businesses and individuals who succeed in today’s business world. According to him, ‘All failure is the failure to adapt, all success is successful adaptation. More than your education, more than your experience, more than your training, your level of resilience will determine you succeed or fail.’

When a company’s business model is no longer working and revenues dip, those who can adapt by thinking differently, and most importantly looking to the future and seeing a way forward, are the ones who will carry it forward through those tough times.