The Great Recession has changed market attractiveness — perhaps for the long-term — for many, many organizations. The ability to adapt will determine the survivors and thrivers. Therefore, let’s take a closer look at four key points.
First, the ability to adapt and the ability to react are not the same.
We react to a contract being [...]
Continue reading about The ability to adapt – four key points
This short article is 5-star advice for any enterprise facing a threat — from veteran entrepreneur Norm Brodsky (Inc.’s Street Smarts).
Facing the giant disruption of a 1979 NYC transit strike in the first year of his start-up Perfect Courier, Brodsky goes looking for advice from a customer who’s been through strikes before. The dialogue he [...]
Arnold Goldstein’s books on small business are pragmatic and tactical. I was able to locate a copy of his out-of-print 1983 book How to Save Your Business. He’s got some very good tips which I will be passing along here.
Here are excerpts from The Care and Feeding of Creditors:
Creditors head my list of culprits who [...]
Last night on Charlie Rose, former GE CEO Jack Welch underscored just how extreme the uncertainty is today. In past recessions, he said, a CEO could at least have a degree of confidence about what was likely over the next two to three months. Not now.
An uncertain customer is often frozen into indecision. The unpredictability [...]
If we stop and examine how businesses and organizations respond to a recession, there are five basic strategies beyond short-term steps to conserve cash. They can be used individually or in combination and the best choice is a function of market conditions, your current capabilities and resources, and your goals.
I’ll be discussing the what, when, [...]
