Seize Advantage in a Downturn
January 28th, 2009Inaction is the riskiest response to the uncertainties of an economic crisis. But rash or scattershot action can be nearly as damaging. Rising anxiety (how much worse is it likely to get?) and the growing pressure to do something often produces a variety of uncoordinated moves that target the wrong problem or overshoot the right one. A disorganized response can also generate a sense of panic in an organization. And that will distract people from seeing something crucially important: the hidden but significant opportunities nestled amongst the bad economic news. HBR 2/09 Rhodes & Stetler
New opportunities arise in every economic environment. Adaptability is paramount in a calculated team effort. Seize advantage in a downturn.
