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 [...]
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Insolvency lawyers discuss how this recession is different:
Aubrey Kauffman of Fasken Martineau Dumoulin in Toronto observes that “the key departure from previous downturns is that potential purchasers don’t have access to financing to buy businesses in distress — even if these businesses are fundamentally sound.” [...]
“Other downturns have been more focused,” Mr. Kauffman says. “We’ve [...]
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 [...]
Tom Peters notes that quality programs to streamline processes and eliminate waste can have more long-lasting impact than cost reduction:
Cost reduction campaigns do not often lead to improved quality, and, except for those that involve large reductions in personnel, they don’t usually result in long-term lower costs either. On the other hand, effective quality programs [...]
