Adding value during recession to bounce back after
Here’s an encouraging thought to help you focus on the right things: according to a forthcoming book called Winning in Turbulence from Bain & Company, the companies that are most likely to bounce back post-recession are those that focus on their core business to create real value for customers, as opposed to those that scale back and cut costs.
They not only perform better during expansions but recover faster when growth rebounds from an economic slump.
Source: HarvardBusiness.org – The Daily Stat: Which Companies Bounce Back, Post-Recession?.
How are you adding value to your business today?