Showing posts with label Economic Downturn. Show all posts
Showing posts with label Economic Downturn. Show all posts

Friday, June 27, 2014

The VUCA Business Strategy

The VUCA Business Strategy
Creating a strategy for a volatile, uncertain, complex and ambiguous environment.

It is a tough world, one that is changing fast, getting more competitive, plagued with disasters - can you navigate through it? By creating, testing and developing a VUCA strategy, you can ensure survival and sustainability in an otherwise complicated business environment.

VUCA is a military acronym for the volatility, uncertainty, complexity and ambiguity of situations or environments. Each of these elements is necessary to review within a business context in order to view current and future states of an organization. I believe there are core elements which can transform your business strategy into a resistant, VUCA strategy.

Thursday, February 27, 2014

Grow During an Economic Downturn!

Growing in an Economic Downturn

During an economic downturn organizations have to do more with less. Companies tend to tighten budgets, cut staff, reduce services, decrease quality, contain negative output gaps (spare capacity), minimize effects of rising inflation, manage confidence and investments – but there is an alternative. There are ways for companies to grow, smartly invest and to emerge from a downturn stronger than their competition. As basic as it may sound, an organization’s ability to grow from a downturn lies in its business processes and operational decisions, driven by a company’s business mission and objectives.