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  "documentTitle": "COVID-19 BCG Perspectives Series Global Restart: Key Dynamics",
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      "text": "Resilience has a disproportionate impact on long-term success, and the need to thrive amid potential shocks is greater than ever.",
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      "text": "Balancing efficiency with resilience. COVID-19 won’t be the last major shock to hit businesses—and leaders may increasingly be judged on how prepared they are for the next one. Effective preparation will require a mindset shift throughout the organization: from maximizing efficiency to balancing it with resilience; from prioritizing short-term optimization to focusing on long-term value creation; and from considering the business in isolation to shaping the larger systems in which it is embedded.",
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      "text": "Renewing advantage frequently. As companies grow and complexity builds, business and organizational models tend to become entrenched. However, technology has caused existing models to decay more rapidly today—and if you wait for performance indicators to decline, it might be too late to recover. Companies need to perform well in their existing businesses, of course, but they must also continually explore for new growth models to achieve persistent success.",
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      "text": "Looking forward, leaders will need to redouble their efforts on three fronts to reinvent their strategies for a more dynamic context:",
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      "text": "The crisis caused a significant dispersion in corporate performance—for example, in China (where the shock and recovery came earliest), the spread in total shareholder return between leading and lagging companies nearly doubled compared with the prior year. But the resilience imperative will not go away as the crisis abates; resilience has a disproportionate impact on long-term success, and the need to thrive amid potential shocks is greater than ever. Similarly, many businesses reimagined themselves to deal with new needs brought about by the pandemic—even in traditionally slow-moving sectors like health care and education—and more will be needed to address the multifaceted challenges that the rest of the decade will pose.",
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      "text": "© 2021 Boston Consulting Group",
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