http://www.business-strategies-etc.com/2009/3-rules-for-these-times/ Build Revenue - Protect Profits - Cut Costs Thu, 03 Jun 2010 19:54:06 +0000 hourly 1 http://wordpress.org/?v=3.0 http://www.business-strategies-etc.com/2009/3-rules-for-these-times/comment-page-1/#comment-42 M. Scott Berry Sun, 07 Jun 2009 17:48:01 +0000 http://www.business-strategies-etc.com/?p=2343#comment-42 I like Alan's comment about "Don’t implement solutions. Prevent problems.". Clearly good economic conditions covered up the high number of poor performances and poor decision making, in not only our industry, but others as well. Now is the time to look back on the individual disasters of the last 12-24 months and determine how not to make the same mistakes again. We have: squandered resources; not invested in the right areas; overspent in others (including M&A targets) etc. The economy will be slow to fully recover so sr. staff must eliminate the possibility of repeat failures because, in some cases, the business can no longer tolerate as much as a single additional mistake/disaster without dire consequences. I like Alan’s comment about “Don’t implement solutions. Prevent problems.”. Clearly good economic conditions covered up the high number of poor performances and poor decision making, in not only our industry, but others as well. Now is the time to look back on the individual disasters of the last 12-24 months and determine how not to make the same mistakes again. We have: squandered resources; not invested in the right areas; overspent in others (including M&A targets) etc. The economy will be slow to fully recover so sr. staff must eliminate the possibility of repeat failures because, in some cases, the business can no longer tolerate as much as a single additional mistake/disaster without dire consequences.

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