The only way is up

Coulson-Thomas, Colin
June 2011
Management Services;Summer2011, Vol. 55 Issue 2, p37
Academic Journal
The article discusses the actions that company directors and others can take in order to benefit from adversity during economic uncertainty. It suggests that in order to secure competitive advantage, the board must take practical steps to lessen costs and improve corporate performance. It notes how companies tried more imaginative methods of holding onto their staff, many of whom chose reduced hours or lower pay as an alternative to redundancy. It refers to the losers as the directors and boards who are preoccupied with the internal and avoid new initiatives. It points to performance support that enable front line teams to excel in demanding roles and face the future with confidence and establish mutually beneficial relationships.


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