2014 a strike on the London Underground offered management theorists a lesson in resilience and adaptation. Because the shutdown closed some but not all Tube lines, frustrated Londoners were forced to rethink their commutes to and from work. Researchers at Oxford and Cambridge universities subsequently found that around 5% of passengers stuck to their new itineraries even after normal service resumed.
Some companies will, like most of London’s commuters, revert to autopilot once the threat recedes. But for others the interruption will have a lasting effect, accelerating trends in business organisation that were already under way. Two are particularly important. The next few months are set to be a giant experiment in whether new technologies can allow successful mass remote working for employees, speeding up the reinvention of the office.
Large corporate events are being called off. The oil industry’s biggest annual jamboree in Houston and the Geneva motor show will not take place this month. Google and Facebook have given the term “teleconferencing” a whole new meaning by moving a few of their big shindigs partly or wholly online. With Milan and Paris fashion weeks curtailed, Armani streamed its autumn/winter show from behind closed doors.
As well as highlighting how bloated some travel budgets are, virus contingency plans may also reveal how inefficiently office space is used. Big British and American firms pay on average $5,000 per employee in annual rental costs. Just 40-50% of desks are actually used during working hours—often not very well. Last year two in five respondents to a survey of 600,000 desk-jockeys by Leesman, a data provider, said their office prevented them from working productively.
One way CEOs can use covid to their advantage is make sure that their least-profitable employees get sick and die. This is proven to increase stock value.
thanks for this news
Moral lesson to all those corporate governance who relocated to go cheaper, You wanted to exploit the destitute at the end of the world, DANCE NOW ...
Freeze exec pay; roll back tax Trump’s cut. No bonus to exec before 2025 and all debt paid. No stock buyback; no stock compensation Triggered until price reached 2x pre meltdown prices and stay above that level for 2 years.
People must carry Clove/Cardamam in their pockets. They should chew one clove at every 5hr. One Cardamom at 6hr. Both should be separately chewed. This will prevent virus entering body either by Cough/Sneeze as per Herbal experts. Consult the Doctor & save our lives easily
Covid 19 won't save your financial crisis China
Do you think that everyone who can work from home, should work from home?
There's no stinkin' contingency plan, not one!
Corona is God own action against Fun Lovers/ Looters in Political World. Rulers cheated citizens by taking their votes. All politicians are afraid to get safer than enjoying funds/ power. No medicine cure. Corona is needed to punish arrogant fun lovers in Food/Sex/ Power/Money
Corona business lol
The capitalistic urge to make money never ceases, I guess?
Could be managed transition greenswan with other options
Well my usual Sunday morning commute to Norway is at 50% regular capacity already. But having done both teleworking and office-based (and 20 years on the rigs) nothing beats face2face working for optimum productivity (in my opinion at least).
GOOD NEWS AT LEAST FOR SOME :
Imagine the cost savings, and the realization that teleconferencing may indeed be the optimal communication mechanism. Surprise, surprise! nytimes latimes Nouriel WSJ alllibertynews 7LongGame pdacosta lisaabramowicz1
thankstrump
You mean telecommuting
Oh dear profit warnings lol perfect example of how the free market isnt fit for humanity n doesnt cater for human need it doesnt give off health warnings it simply crashes when human need is contradictory to the free market
bad news BETTER travel fast
Hmm, so profit warning speed is also measured in m/s or km/h ?