Leadership during the COVID pandemic in the Canadian mid-market: a virtual roundtable of owners.
Market Insights - Q1 2020
COVID-19 has upended billions of people’s lives. The economic damage is already significant and far-reaching. In Canada, mid-market business owners are deeply concerned about the viability of their companies, and what they should do next.
The four lower-mid-market leaders we interviewed for this virtual roundtable agreed that resilience, transparency and empathy are the fundamental qualities of those who will successfully lead their organizations out of this pandemic. All alluded to their ability to cash in their “culture chips” with their staff and broader stakeholders, and emphasize the need to stay true to core competencies and the vision.
Specifically, they spoke of five ‘pillars’ of resilience, transparency and empathy:
- Lead with both heart and head
- Guide the entire organization through re-prioritization
- Move quickly and decisively
- Own the delivery of the hard truths
- Anticipate opportunities in the long run
Access the full Market Insight, including interviews, in the pdf below.
Versature is a rapidly growing Canadian VoIP service provider that had been through an unsuccessful sale process with another corporate finance firm. FirePower’s M&A Advisory team crafted a story highlighting Versature’s strong growth, brand, people and processes. The most compelling offer came from net2phone, a subsidiary of US public company, IDT. Under this new ownership, Versature is well-positioned to accelerate its growth trajectory.