The recession continues to seemingly worsen by the day. Businesses are cutting back. Employees are fearful. Foreclosures are rising. And the cycle continues. So, what is a manager or business to do to break this cycle?
In today's economic and business environment, cash is king. The critical importance of cash in businesses continues to rise.
Businesses continue to cut back as the economy continues to worsen - seemingly every day. Cutting costs in a reasonable and smart manner is required; however, cost cutting alone rarely achieves success.
Standing out in the crowd can be uncomfortable. There typically isn't an example to follow - after all, you are unique.
Being prepared for success sounds silly but is often overlooked. Stand out in the crowd and be one of the few prepared to take advantage of the recovery.
Why be part of the 80% dissatisfied with merger and acquisition results?
The current recession has thrust many companies and individuals into crisis - at a minimum, plans have been put on hold, and in many cases, it has been the worst crisis experienced since the Great Depression (if the company was around since then).
Excellent leadership is required for successful supply-chain management and integration.
We are in an era of volatility. Who ever thought we'd get used to commonplace bank failures? How about the Dow rising or falling by hundreds of points in a day? Oil gushing into the Gulf? Toyota quality issues? Never! Get used to erratic change as it is the "new normal".
The stock market is over 11,500 and the economy seems to be picking up with solid holiday sales, even with big ticket purchases like cars. Who would have thought GM, Ford and Chrysler's sales would rise in December?
