Fifth of five faciliated webinars tracing the impact of Covid19 lockdowns on the UK and globally. Attempting to identify the possible outcomes for changing cultural values and the global economy.

1. Transformational Times
Fifth of Five Facilitated Webinars
by
Penny Sophocleous
© Corporate Alchemy Limited
28 April 2020

2. Purpose of the 5 webinars
To recognise where we are in the trajectory of change
To identify new and better understandings of what will unfold so
we are ready to build a better ‘new normal’
To create an opportunity of sharing our concerns and feelings
whilst in various lockdown situations
To lift our spirits to be the best we can be in difficult times
To find companionship and support to do what each of has to do
© Corporate Alchemy Limited

3. Agenda today
Looking Forward
• How far have we come and what’s different today than two months
ago?
• What differences has the trajectory made to our values?
• “Many things that at face value look like difficulties end up being
miracles in disguise.” Pam Grout – How might this be the case now?
• What larger changes in the UK and internationally will we want to
maintain?
• What differences will we want to make in our global world?
© Corporate Alchemy Limited

4. Shock at Start
Fears – about what this means, what may happen, what may
never happen
Anxieties are all about the future
Vicarious fear - vicarious courage
Help/support/engage with others
People identifying with what do have?
To find courage – feel the fear and do it anyway
© Corporate Alchemy Limited

5. Liberating?

6. After shock, the best of people came out
Acts of kindness, generosity
Children’s Rainbows/bears
Creativity and family activities
1.5m volunteers to support NHS
Government instruction – almost
complete compliance
Explosion of creativity and online giving
Unequal exposure and negative impact
on poor and manual workers

7. Climate Change

8. Business Debt
POTENTIAL CORPORATE DEBT DEFAULTS
• $66trillion of Global Corporate Debt is double
2008’s level
• $19trillion of that is now risky debt
• $4.1 trillion comes due in next 12 months
• Corporate debt is at record 75% of GDP
• Corporate defaults tracking towards 20%
• 85% of company rent is already in default
• Collapses will occur sector by sector

9. Global economy
POTENTIAL SOVEREIGN DEBT DEFAULTS
• Total Global Debt is up to $257 Trillion
• US National Debt: $23T vs $9T in 2008
• Outflows from Emerging Markets: $100B
• Global National Debt: Up 500% vs 2008
• Defaults will begin in emerging countries
• Quantitative easing will eventually lead to
hyperinflation
© Corporate Alchemy Limited

10. Concern for the past –
potential losses
Concern for the future –
potential gains
Emotionalresponse
Performance
Shock
Denial
Anger
Blame
Bargain
Sadness
Acceptance
Explore
Understand
Integrate
Sustain
Rationalresponse
Personal Reactions to Change
Change event
Apathy

11. Regaining a sense of control
Givens –
Things I can do
nothing about
Influence -
Things I can
influence
Control –
Things I can directly
control

12. Where we are now
3. Investigating Phase
• People begin to show interest in new options and possibilities;
anxiety abates
• People explore the benefits of moving on, testing whether the
balance of losses/gains has really moved
• May move back to reacting phase if benefits not realised/
untrue/ different
• People shift attention from the past to the future –
understanding of change increases
• People show increasing excitement and enthusiasm for the
future
Interest
Explore
Testing
Recycling
Future-
orientation
Enthusiasm

13. Leading from Certainty
What Is Uncertain
When will the lockdown end?
How deep will the economic crisis be?
How much will behaviours change?
How much will things return to normal?
Will my old model still work?

14. Leading from Certainty
What Is Uncertain
When will the lockdown end?
How deep will the economic crisis be?
How much will behaviours change?
How much will things return to normal?
Will my old model still work?
What is Certain
The future will be very different
Your skills, talents and connections remain
There is opportunity in crisis
Behaviours have already changed
The old will fall and the new rise
Digital strategies are winning

15. Leading from Certainty
What Is Uncertain
When will the lockdown end?
How deep will the economic crisis be?
How much will behaviours change?
How much will things return to normal?
Will my old model still work?
What is Certain
The future will be very different
Your skills, talents and connections
There is opportunity in crisis
Behaviours have already changed
The old will fall and the new rise
Digital strategies are winning
What you Choose
What I focus on now
How I plan my year
What actions I take
How I lead my team
How I generate income
Where my market is

16. New arisings – looking forward
Manufacturing returning to UK – ventilators & PPE
Comic Online + digital appearances throughout TV
Transparency on Covid19 infections and government accountability
A huge rise in volunteering, both for the NHS and in neighbourhoods,
leading to stronger community spirit
Stronger, more humane leadership, putting people, their health and
economic welfare above the economy
Collaborations amongst scientists, epidimiologists, bio-tech companies
New start-ups where services are provided digitally
Old businesses evolving to digital – making markets global
© Corporate Alchemy Limited

17. Behaviour changes
The Covid19 response to the pandemic has made us feels our common
humanity, allowing us to recognize our shared story, oneness and
humanity
Our experiences are helping to re-order priorities and values - back to
what really matters for each of us.
New practises eg consulting with doctors online and other digital
platforms will change behaviours fundamentally.
Cities housing their homeless – why not continue?
People are now beginning to see that the world will continue on,
hopefully healthier, wiser, more compassionate, and better prepared.
© Corporate Alchemy Limited