19 November 2013 category: strategy & business planning
The global economy has been in a poor state since 2008 and it is therefore understandable that most businesses have lowered their expectations on profit and have gone into “survival mode” at the expense of progress. Many businesses have shrunk considerably; economically and in terms of headcount and assets.
The dangers of a slow reaction to an upturn
There is a danger, however, that the actions which you took to ensure that your business did well in an economic downturn become deeply entrenched and can damage your business when the economy improves.