With the approach of the recovery period, many companies began to feel less defensive and need to be more astute in developing the strategy. When you get ready to welcome new things, beware of the mistakes strategies commonly found in many large and small companies both in times of crisis or their heyday.
1. Maintain the result is bad business section
The majority of companies have a business section, whether it be a division or department or subsidiary, that they should leave. Think more dynamic by leaving parts instead become a burden for the company as a whole so that you will be able to devote more thought, effort and funds in the field of business is providing bright opportunities.
2. Encouraging growth
However, more promising prospects may not mean there will be more revenue. Rather than focusing on expansion and growth, consider focusing on ways and methods that you can strengthen existing business and strengthen its position in the niche market.
3. Underestimating efforts to downsize
When conditions have improved, many companies began to loosen his belt and began to leave the awareness of the economic conditions are not yet fully stable and there are even some who bravely increase the amount of spending. Do not stop to save money wherever possible. Keep frugality despite conditions have somewhat improved. The simplicity becomes an asset in any market.