Entrepreneurs forgo ambitious business goals and rely on survival: research
12:00
Entrepreneurs give up ambitious business projects and focus on survival. Leaders do not want to plan for the future, they function in combat mode and are tired, according to the report ‘Polish business in a pandemic situation’ prepared by management experts from Kozminski University. Moreover, the remote work begins to lower employee morale, reserves are depleted, there are mood swings in the economy and uncertainty in the business environment.
Prof. Krzysztof Obłój, the initiator and research manager, says that companies operate but minimize all risks.
"They also do not make new strategic moves, they do not introduce innovations, do not experiment, suspend investments. Remote work is not only boring, but it starts to be very tiring. Companies are experimenting with various forms of hybrid work, and employees long to be physically present in the company and social interactions," the expert added.
According to the respondents, the circulation of information in companies under remote work conditions is difficult, and decision-making processes are extended. Maintaining the ties of employees with the organization becomes a serious problem.
The research shows that attempts are made to revise the strategy or business model very rarely. The main decision-making criterion is caring for the safety of employees and the financial condition of the company, enabling its survival.
(PAP)
