How to stabilize the business and focus on development even in war times?

How to stabilize the business and focus on development even in war times?

Ivan Vekirchyk, a co-founder of KNESS, shared his vision on this question at a meeting with Business People Club members:

“Any challenges require a quick response, decision, and taking action. In today’s reality, businesses have to manage a lot of challenges. What is important to stabilize the business and get on the development path? It is effective planning based on scenario modeling, openness and quick response to changes, revision of business models and approaches, continuous investment in innovation, and, most importantly, tireless support for the country and acceleration of the common goal —  Victory.”

Keynotes of the KNESS co-founder’s speech:

Crisis management

Scenario modeling is useful for effective planning in the face of future uncertainty. It makes it possible to carefully plan your actions and maneuver, balance between crisis periods, work steadily and gradually achieve the highest goals.

Changing business models

An important step for business viability is to change business models to meet the needs of the market “here and now”, shifting emphasis from one product to another to accelerate the development pace.

Investing in innovation

Investing in the development of the latest technologies, implementation of innovative ideas and solutions stimulates the overall development of the industry in which the company operates and opens up opportunities for scaling in the future. In addition, an innovative approach to routine tasks, such as the introduction of artificial intelligence and other modern solutions into work processes, can strengthen the core business activities and increase competitiveness.

Corporate volunteer movement

Helping our country constantly and as long as necessary and strengthening the defense capabilities is the key priority now. The volunteer movement further unites the team. This is when everyone’s action is a contribution to a common global result. This is when everyone feels involved in an important cause accelerating the Victory by helping our defenders.