Planning For Good And Bad Business Environments

Monday, October 25, 2010 - Permalink
In 2008-09, as the recession took hold, we observed some incredibly solid plans for managing into a downturn.  Relative to prior recessions, firms were very skilled in quickly cutting inventories and taking other actions, many painful, to get through the difficult times that were coming.

What is interesting is how many of these same firms have told us about how hard it is to get their organizations ready to implement growth plans as markets improve.  We’ve had numerous organizations tell us “We’ve missed some chances this year because we weren’t ready.” 

One of the reasons for this is that when growth resumes after a recession, it’s always a bit different than what took place in prior years.  We find that the firms that are best able to take advantage of growth are ones that look at different scenarios, and put implementation plans into place that are able to respond to a changed business environment.

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