Day: October 26, 2020

5 Strategies from Ancient Chinese Warfare to Help Us Thrive in Changing Times

7 min read

Opinions expressed by Entrepreneur contributors are their own.

Although there have been record-highs in the “frothy” stock market, entrepreneurs and around the country are seriously struggling. In the , as of September 13, 2020, total revenue decreased by 20.6 percent compared to January 2020

In addition, the number of small businesses still open decreased by 23.6 percent compared to January 2020, and restaurant diners are down 40 percent from last year. It appears that those stimulus checks went into stock on your Robinhood account and not your favorite sushi restaurant or local retailer.

Regardless, these percentage drops have made it abundantly clear that now is the time for everyone to take a step back and re-evaluate their business strategies. Because I’ve been in the space for more than 10 years, this seemed like

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Get your company in shape by redefining how people work

Moving at digital speed, thin margins, nonstop competition, disruption…and a pandemic? It’s not easy to run a business these days. Many leaders are eager to adopt ways of working that will help them become elastic, adaptable, and able to weather bigger storms.

The annals of management offer various approaches — theories that have long thrived on the changing needs of leading a business. In the past, executives turned to concepts such as total quality management to identify efficiencies. Then came enterprise resource planning software. Practices like Six Sigma led to process improvement. But none of these strategies were holistic. Given the all-encompassing nature of today’s challenges, executives need speed-to-market and value — and they need to achieve them in weeks or months, not quarters or years. To get there, they should pursue the best ideas faster. That’s not the job of one department, or a single executive.

Enter BXT

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