https://www.mckinsey.com/business-funct ... ting-model
How COVID-19 is redefining the next-normal operating model
December 10, 2020
Just one of the big change at the top of large corporations immediately before the plandemic.On February 12, 2020, just two weeks into his tenure and before there were even a dozen reported cases of COVID-19 in the United Kingdom, BP CEO Bernard Looney spoke to a live audience at London’s Royal Lancaster Hotel and laid out an ambitious reframing of the energy giant’s mission as “Reimagining energy for people and our planet.”1 Climate change was a reality, Looney said, andthe world would soon invest “trillions of dollars” in “replumbing and rewiring the global energy system.” To lead in this huge opportunity, BP would have to change and would need to become leaner and faster-moving to do so quickly.
Then, at the Annual Meeting of BP on May 27...
embracing pandemic-led change... a remarkable window of opportunity..Looney said, the pandemic had reinforced the company’s commitment to its new mission: “The more we understand the current situation, the more I am convinced that the decisions we took in February are rightfor three reasons: increasing uncertainty surrounding the future demand for oil—and volatility in oil markets; increasing awareness of the fragility of the world we live in—and of the opportunities to build back better, greener and more resilient
Conclusion.... the big clearout which is a re-statement of the Schwab doctrine
How to turn COVID-19 shifts into permanent operating-model change
For many, there is simply no justification for returning to the old ways of doing business. The very strongest companies are already acting on this opportunity to reinvent themselves with deliberation and speed. Companies reacting with less urgency are soon likely to find themselves outpaced.