If you have not read by now, or even if you have read it once, good time to re- read the extra ordinary book and concept by Management Guru – C.K. Prahlad – “The Fortune at the Bottom of the Pyramid”. The biggest innovations in the management field have been the new, out of the […]
RECESSION – Shortage of Ideas
Recession can also be looked upon as an environment, in which industries have stopped causing enough value addition to its client base. Recession is, where the value of your services go down drastically and the premium that you were once expecting, same products and services are now being sold at discount and at some level, […]
Cost Cutting – How and Why? Are you cutting your flab or your arm?
Cost Cutting is very important in a slow down but at the same time, one has to ask oneself are you cutting down costs or are you cutting down your muscle, your strengths. Right Sizing is important. Are you cutting down the non- productive people, or are you cutting the non-political people? Are you cutting […]
Old Customer Relationships for dealing with the Economic Slowdown
STRENGTHEN YOUR RELATIONSHIPS WITH THE OLD CUSTOMERS: In a growing economy, you can focus on the new business and can survive and even grow without having to fully serve the old customers. The Customer Relationships and the Loyal Customer Base becomes the lifeline for surviving the Recession. If you have been maintaining great sustained well […]