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Reimagining Business Models for a Post-Pandemic World

The idea is suggested by a book named "It's Logical: Innovating Profitable Business Models"

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The disruption caused by the COVID-19 pandemic will cause a drastic reimagining of business models in going forward. Pixabay

The disruption caused by the COVID-19 pandemic will entail a drastic reimagining of business models in going forward says a new book on the subject that proposes frameworks with Design Thinking as the backbone for creating win-win situations.

“Today, more than ever, there is a strong need for re-imagining the way business needs to be conducted through deep empathy and exploring win-win situations for all stakeholders involved,” writes Kaustubh Dhargalkar, an entrepreneur-turned-academician, innovation evangelist and start-up mentor, in “It’s Logical: Innovating Profitable Business Models” published by Sage and which is available as an ebook on Amazon.

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The book is available as an ebook on Amazon. Wikimedia Commons

To this end, the book proposes “frameworks (with Design Thinking as the backbone) for creating win-win situations to visualize sustainable business models in times to come, which should prove useful in the prevailing, unprecedented circumstances”.

Laced with multiple real life studies, the book advocates that innovation is not about flash in the pan ideas; it is driven by pure logic. It further explains how to map the ecosystem to understand synergies for creating innovative offerings.

In his foreword, Sudhakar Nadkarni (Founder, Industrial Design Centre at IIT-Bombay; Founder, Department of Design at IIT-Guwahati) writes: “It takes great effort and a long time to develop an innovative culture. Innovation, as is often said, does not fall from the heavens. It takes vision and a strong commitment to the objective.”

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Noting that he has “some reservations” about the “fashion” that innovation centres have become, Nadkarni says: One cannot innovate in the absence of an ecosystem that drives innovation. This book, supported by deep research and many case studies, shows that it is possible to come up with an innovative business model that does not stick to conventional paradigms.”

Drawing an analogy with cricket, Nadkarni says that creating a good business model involves “searching for gaps, angling the bat and caressing the ball in the desired direction. It requires a creative yet trained mind. This book tells you exactly how to spot those gaps in the field and train your creative muscle.” (IANS)

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COVID ‘Just the Tip of The Iceberg’ Warns Virologist known as ‘Bat Woman’

Top Chinese virologist, has warned that new viruses being discovered are "actually just the tip of the iceberg"

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Coronavirus
COVID is only the beginning says virologist. Pixabay

A top virologist from China, famous for her work on researching coronavirus in bats, has warned that new viruses being discovered are “actually just the tip of the iceberg”. In an interview on Chinese state television, Shi Zhengli, known as the ‘Bat Woman’ for her research about bats and the viruses associated with them, also called for greater international cooperation in the fight against epidemics such as Covid-19.

Zhengli, the Deputy Director of the Wuhan Institute of Virology, said research undertaken in viruses needs governments and scientists to be transparent with their findings, and cooperative, reports dailymail.co.uk.

She also said that it is ‘very regrettable’ when science is politicised. Speaking to Chinese state television CCTN, Zhengli said: “The unknown viruses that we have discovered are actually just the tip of the iceberg. If we want to prevent human beings from suffering from the next infectious disease outbreak, we must go in advance to learn of these unknown viruses carried by wild animals in nature and give early warnings,” Zhengli was quoted as saying to CCTN.

Coronavirus
COVID and other viruses need more research says an expert. Pixabay

“If we don’t study them, there will possibly be another outbreak,” she added.

Also Read: Scientists Identify 29 New Genes Linked To Drinking Problems

Her interview comes after, both US President Donald Trump and his Secretary of State Mike Pompeo have suggested that the Covid-19 originated in a laboratory in the Chinese city of Wuhan, where the pandemic erupted last December last month. Earlier, Zhengli had also said that even after the world finds a way to combat the virus responsible for Covid-19, it should prepare for more outbreaks caused by bat-borne coronaviruses. (IANS)

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McDonald’s Reveals Plan to Open More Drive-Thru Restaurants in UK

McDonald's reopened 39 restaurants in England and Ireland last week

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McDonald's
McDonald's plans to open more number of UK branches. Pixabay

Fast-food giant McDonald’s revealed a plan to open all of its drive-thru restaurants in the UK in the coming weeks and has”not forgotten” about people in the north of England, it was reported on Monday to World and International News.

The company reopened 39 restaurants in England and Ireland last week as it prepared to get back up and running with new safety measures in place, but all of the English locations were in the south east, reports the Metro nwespaper.

In a message to customers, McDonald’s Chief Executive Paul Pomroy said: “To help us test the new procedures and to slowly restart our supply chain, the pilot restaurants in the UK are all located close to our head office and to one of our distribution centres in the south east.

“I promise I have not forgotten about any part of the UK or Ireland. We are taking our time to test the new ways of working in our restaurants, ensuring that we can continue to help our teams to work safely, and to get back to the communities we have proudly served for so many years.”

Pomroy further said that McDonald’s will make a further announcement this week about reopening more restaurants and expanding its delivery service.

McDonald's
The workers on each site will be reduced to ensure safety, McDonald’s has said. Pixabay

Last week, Police were called to a drive-thru McDonald’s in Peterborough on the first day it reopened after easing of the COVID-19 lockdown because the queue at the outlet went out of hand.

Also Read: COVID-19 Restrictions Cause Disruption in Vaccination Programs: WHO, Other Organisations

Six of the 30 new drive-thrus that have opened across the country were in Peterborough.

The fast-food giant has brought in social distancing measures to keep workers safe, with staff receiving temperature checks before each shift.

The number of workers on each site will be reduced to ensure safety, the company has said. (IANS)

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COVID-19 Restrictions Cause Disruption in Vaccination Programs: WHO, Other Organisations

Vaccination Programes have been disrupted because of the restrictions imposed in the wake of COVID-19 pandemic

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Vaccination
A health worker injects a man with Ebola vaccine in Goma, Democratic Republic of the Congo, Aug. 5, 2019. VOA

Nearly 80 million children under age 1 are at higher risk of preventable diseases such as measles, cholera and polio because of the disruption of routine vaccination programs, according to a report released Friday by the World Health Organization and other global organizations.

Immunization campaigns have been disrupted in half of the 129 countries surveyed around the world in March and April, according to data produced by the WHO, UNICEF, the Sabin Vaccine Institute, and Gavi, the Vaccine Alliance. Of the 68 countries, 27 have suspended their measles initiatives. Thirty-eight countries have suspended campaigns to vaccinate children against polio.

The COVID-19 pandemic is “walking back progress” that was made in vaccinating children around the world, putting children and their families at greater risk of diseases that routine vaccinations can prevent, Seth Berkley, CEO of Gavi, said.

“More children in more countries are now protected against more vaccine-preventable diseases than at any point in history,” Berkley said in a statement. “Due to COVID-19, this immense progress is now under threat, risking the resurgence of diseases like measles and polio. Not only will maintaining immunization programs prevent more outbreaks, but it will also ensure we have the infrastructure we need to roll out an eventual COVID-19 vaccine on a global scale.”

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Experts said a decline in vaccinations in one country could have consequences for other countries.VOA

Fearing doctor visits

Routine immunization has been hindered for many reasons.

Some parents are no longer taking their children to clinics and hospitals out of fear of exposure to the virus, while others are unable to do so because of lockdowns.

The delivery of vaccines and required protective equipment has been delayed in many countries because of a cutback in commercial flights and chartered plane availability.

Health care workers also have been relocated to help fight the pandemic, leaving fewer to administer vaccinations.

UNICEF Executive Director Henrietta Fore said that to combat this decline in immunizations, countries need to intensify efforts to find and track unvaccinated children, address gaps in delivery and develop innovative solutions.

The consequences if countries are unable to give routine immunizations, “can be deadly,” Fore said.

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Experts are concerned that deaths from normally preventable diseases could surpass coronavirus deaths if vaccination efforts are not reinstated.

Berkley, of Gavi, requested $7.4 billion for vaccination efforts over the next five years.

Experts said a decline in vaccinations in one country could have consequences for other countries.

Dr. Kate O’Brien, director of WHO’s Department of Immunization, Vaccines and Biologicals, said inoculation efforts should be viewed as a “global public good” because “pathogens do not recognize borders,” and if one country is at risk of an outbreak, all countries are at risk. (VOA)