In today's new normal business environment which is characterized by volatility, lackluster sales, customers wanting “more for less – and NOW” and a talent shortage amidst high unemployment levels, companies are turning to the supply chain to deliver RESULTS.
We are constantly preparing for something - a meeting, a key customer visit, etc. Thus, a few tips might be handy.
Not only is marketing essential during the recession, it will remain so during the "new normal". Be one of the few to stand out in the crowd and leapfrog the competition by focusing on marketing.
There are more and more stories in the news related to managing and mitigating risk. But increasing your appetite for risk is not for the faint of heart - and requires persistence.
Expand your thinking of your customer base to GLOBAL.
As the global economy is in turmoil, almost all businesses are thinking about how to succeed during this turmoil.
Not only do I continue to see more evidence of the "new normal" business environment discussed in last month's issue but, in my discussions with clients and service providers, it's apparent that embracing and understanding how to thrive in the new normal is critical to success. As a reminder, [...]
Understanding the "new normal" can be quite valuable, as it doesn't have to be bleak and depressing.
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?
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".
