Quite often managers complain about recessions and the downsides of it, although as in our lives there are different angles to look at the situation, and good things do emerge after periods of slow economic growth.
For businesses that have strong financial position, they will benefit from opportunities to gain market share, merge or acquire other businesses, pick and hire a best suitable staff and make the business stronger.
On the other hand, businesses that have weak financial position will benefit of having a forced chance to restructure and re-shape the future of the business to a much stronger long term forecast. Managers will be able to make the business lean, sell non-profitable divisions, decrease inventory on hand and cut operational, finance and overhead costs.
During a crisis most of us seem to be paralysed by the fear of failure. Great companies do resurge from downturns and recessions, because managers look at the future and leave the past behind.
Our Vantage Performance team is looking forward to interacting with you again.
Regards,
Pedro Bueno
Vantage Performance Team
Turnaround Management Specialists
www.vantageperformance.com.au
01 December 2008
Don't Let Fear Cloud Your Vision
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