How to Roar Out of a Recession - Strategy Based on Research

What lessons can we learn from the last recession? What methods of planning and execution have shown the greatest correlation with success? Harvard Business School announced their findings back in March 2010.

The key to growing during and after a recession, researchers claim, is a balancing act involving these four strategies:

A. Develop new markets while growing targeted older lines of work.

B. Explore and implement focused cost-cutting and other operational efficiencies.

C. Stay closely connected to the needs of those you serve and adjust as necessary.

D. Invest in new organizational or company assets.

 

Source: https://hbr.org/2010/03/roaring-out-of-recession