A Prescription in Uncertain Economic Times
Wounded by the Economic Downturn?
Although early 2011 market signs suggest that the fierce economic winds of 2008-2009 may be dying down, many companies are still taking cover in their bunkers with belts tightly fastened. They face uncertainty about how the increased role of government in the marketplace and proposed regulations will affect their operations. After almost two years of painful cost cutting measures, many organizations remain skeptical of the recovery and reluctant to expand their permanent infrastructure.
No doubt, the significant economic downturn and uncertainty over the last year and a half have wounded companies and forced them to reconsider the way they meet business demands. With many organizations forced to cut staff and/or freeze hiring, they’ve been faced with the challenge of continuing to deliver pre-recession output with smaller budgets and leaner staff in order to remain competitive in the market.
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