Last year was a year of global transition. The shadow of the Covid-19 pandemic transformed our social behaviours and ways of thinking.
It’s hard to understate the profound disruption brought about in 2020 for UK businesses – with a long lockdown and almost crippling economic contraction in Q2, things weren’t looking too bright as we rolled into Q3.
2020 was the year that brought near-continuous change to UK businesses. ‘Lockdown’ was declared the word of the year, encapsulating the incredible disruption business leaders faced.
Although on the face of it, SMEs and big businesses seem worlds apart, there are many valuable lessons that small businesses can learn from their larger counterparts.
Startups have been particularly hard-hit by the pandemic. In fact, our research with Beauhurst found that since lockdown began in March 2020, over 1,700 British tech startups have filed for administration, dissolution or liquidation.
Today, ten months since the start of Covid-19 in the UK, we’re revealing the extent of the COVID-19 pandemic’s impact on small and medium-sized businesses in the UK.
The IMF recently predicted a fall in UK GDP of 10% in 2020, the biggest fall of any G7 country. Among the hardest hit by Covid restrictions is the hospitality sector.
In 2014, The Institute of Leadership & Management undertook research to predict how the work of leaders and managers would change by 2020.
On Christmas Eve, Britain and the EU agreed a trade deal that relieved most but may not have pleased as many.
Andy Jassy, the chief executive of Amazon Web Services, will take over as Amazon’s CEO