Recession Cures: What & What Not to Do

Posted by TonyJohnston_CNi under Management
From http://blog.tonyjohnston.biz 890 days ago
Made Hot by: ShirgieFulgencio on September 3, 2009 9:16 pm

Do you know what the majority of business owners have as their preferred recession fighting response? Learn what it is along with what and what not to do. Businesses will be much better off for it—.

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Written by RJohnson4444
880 days ago

The survey referenced - excellent. The suggestions the survey suggests - weak. I've worked with numerous businesses through this downturn, and generally speaking, rescessions demand a turn-around business philosophy. Here, mission statements don't count. It's day to day blocking and tackling. The 3-5 year horizon becomes a 3-5 month horizon.

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Written by ShawnHessinger
882 days ago

Tony,

Under point number two, how about following the suggestion Guy Kawasaki makes in his book The Art of the Start and replacing that mission statement with a mantra. It often seems to me that companies, regardless of their size, have difficulty articulating who they are and what they do in a way all employees and team members can understand and support, and shrinking that stuffy old mission statement no one can remember into a brief repeatable mantra is the best way to do it. Plus there's no better time to crystallize a company's priorities than in the midst of a recession when all but core essentials must be sacrificed in the name of efficiency.

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