Blog

Here we bring you a fresh view of enterprise, with insights and analysis from the TORI team.

Hindsight is a wonderful thing. And things that might previously have seemed difficult or insurmountable hurdles at the time can be put into perspective when looking back, especially if that is from an even more difficult time.

As the COVID-19 pandemic has disrupted the entire fabric of society, and changed the way we work, the top priority for business, over and above the health and well-being of their people, was to implement their BCP and DR plans.  In April, TORI shared a blog from Costas Liassides, Managing Director, identifying 4 key components that firms need to incorporate into any go-forward operational framework, https://www.linkedin.com/feed/up

As organisations attempt to maintain a level of productivity as the COVID-19 pandemic continues, working from home is the new reality for many businesses. Microsoft Office 365 (O365) provides users with access to Microsoft’s Pro Plus suite of apps (including the traditional Office Suite, Outlook, OneDrive, Teams, SharePoint Online, alongside apps such as Stream, Yammer and Forms). A recognised leader in the collaboration space, O365 allows organisations to leverage benefits in collaborative working, document storage and control, information security and data leakage prevention.

As we move beyond the peak of the pandemic, many organisations may be lulled into a false sense of security, where they relax their positions on some of their initial response mechanisms. However, serious consideration needs to take place to ensure that the challenges recently encountered are documented, prioritised and clear plans of action continue to be developed by both IT and the Business.

The following should be considered as part of that review: -

Managing strategy is about managing change. To effect and embed real change, you need to create solid foundations which necessitates having the organisation, people and culture to support and embrace it. As the 'new norm' fully takes shape, many leaders are formulating their strategies to combat the transformation that has been forced upon us all. As this all progresses, we will discover the difference between tolerant compliance and commitment.

As we start to think about a return to office life (whatever that looks like in the future), we challenged some of our consultants to define what changes, from a millennial's point of view, they are keen to continue when restrictions are lifted. They came back with an infographic...

The COVID-19 outbreak is pushing people and businesses to operate in new ways as we are faced with responding to unplanned and unregulated global change. As organisational leaders consider what to do in order to survive and thrive, our very culture which underpins us is in freefall and we are left wondering when to pull the parachute cord.

Our primary concern in these difficult times must always be the health and wellbeing of our families, friends and colleagues. We must all be saddened on a daily basis as we hear of the incomprehensible loss of life and the impact that every one of those losses has on those remaining whose lives they have touched.

We find the postulation of how and when this will come to an end most confusing largely because of the conflicting evidence seen from many sources. People speculate about ‘the exit plan’ and a phrase often used in conjunction with exiting is “The New Norm”.

The CEO of TORI has been in the city and worked in financial services for over 35 years.

As we eagerly await the government’s announcement on the review of restrictions and a plan for the economic restart, how would this challenge the government’s culture and ability to endure and remain cohesive in such an unprecedented time?

In a time from now we may look back and say the year of 2020 was the true beginning of the virtual communication age. The disruption that COVID19 is having within the workplace, is unprecedented and businesses need to adapt to operate efficiently…if not survive.

These are challenging times for all of us. Notwithstanding the huge human cost of the pandemic, the economic impact looks set to play a sustained part in determining the fortunes of business of all shapes and sizes for the foreseeable future.

The UK Government recently launched a £500M Future Fund to provide assistance to start-ups; in the financial services this means FinTechs, RegTechs, InsurTechs. Through the loan scheme, early-stage, high-growth companies can apply for funding to help them stay viable during the coronavirus crisis.

Pages

Top