Small Business Strategic Planning in a Downturn
Posted by Joe Strategy on April 30, 2010 in Planning Tools
Yes, there are signs of recovery out there, and we have been officially told by our so called officials that the Great Recession is over. But the economy does not affect all sectors equally and many businesses are still struggling.
Therefore I wanted to offer this blueprint for strategic planning during a downturn. It is critical that businesses engage in strategic planning during difficult economic environments so that they 1) completely understand the realities and possible outcomes from the current situation, 2) they spend their money and time in the most productive manner, and 3) they capture opportunities that often arise through shifting market and customer circumstances.
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