However will you MANAGE?
Business' that can quickly adapt could not only survive but thrive in a recession!In the current financial crisis, managers and business consultants can't bury their heads; they need to remain positive, resilient and take the initiative. Take a clear and dispassionate look at your business and revise your business strategy to get more bang for your buck!
With depressing economic headlines everywhere you look, managers and consultants like ourselves face a massive challenge.
"In the struggle for survival, the fittest win out at the expense of their rivals because they succeed in adapting themselves best to their environment."－ Charles Darwin (12 February 1809 – 19 April 1882)
Therefore in the struggle to survive, business' need to adapt, clarify it's aims, rally support for change and manage expectations.
Labels: business development, consulting, partnership
15 Comments:
LIDL, ALDI, PRIMARK, TK MAX and TESCO are amongst the number of clear winners thriving in this economic downturn.
Figures from business information firm Experian show that in the 11 months leading to November '08 A massive 22,000 plus companies collapsed
So whilst I don't doubt there will be a handful of winners in 2009, there will also be a lot of losers.
There is no doubt the recession will leave a nasty scar!
A healthy business meeting loan repayments with good management is in the best position to survive. However many banks are moving goalposts and calling in on bank loans. Making every business vulnerable.
British recession to be 'one of the worst'
Britain is set to suffer the worst of any major European nation, according to a European Commission report released this week. It forecasts that while the economy will begin to grow again, it will be the slowest in Europe.
The report also said Britain's debts will soar and the jobless rate could hit 8.1pc.
It's a Black Friday. As FTSE plummets, bank shares fall, unemployment on the rise and record house repossessions spell bad news for the UK economy
To top it off economic data from The Office for National Statistics confirms the UK economy has seen two consecutive quarters of negative growth.
Getting back to basics, there are only three reasons someone won't buy from you.
1) They can't afford your product/ service
2) They don't need your product/ service
3) Your not talking to a decision maker
Companies need to be pragmatic about their business' - the future is about added value!
Has anyone read "Winning Is A Habit" by Vince Lombardi on Winning, Success, and the Pursuit of Excellence?
"The quality of a person's life is directly proportional to their commitment to excellence, regardless of their chosen field of endeavor."
Winning Is A Habit Sounds a bit evangelical to me.
I haven't read it, but it's had mixed book reviews on Amazon
City Minister blames 'masters of the universe' for their greed and arrogance - The Times 24/01/09
Paraphrasing JFK, the customer-centric approach should be "Ask not what your customers can do for you - ask what you can do for your customers".
Great Britain has never seemed more like Great Depression and we're hosting the 2012 Olympics - omg!
"Let's get new boss in quick"
As business' try and escape the drop, they often turn to management consultants like [W]sq solutions to discuss the growth expectations of the business and the systems, people, skills and infrastructure to support that growth.
This process is an important facilitation role that clients appreciate as they are prompted to look at things in different ways and invariably derive radical solutions to support growth.
Tougher HMRC compliance regime looms
The taxman can call without any warning according to changes to the law come into effect this week.
"LIDL, ALDI, PRIMARK, TK MAX and TESCO are amongst the number of clear winners thriving in this economic downturn. "
Yeah, and what do they all have in common? While we can't just live in a world where every shop is a bargain bucket, it's the best way to keep customer's spending. Thifty living is a trend that I think will stick around way after the recession's over.
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