How to identify new opportunities in times of crisis
How to combine the look to the future with the financial strangulation, reduced income, increased costs and increased delinquencies? Julia Prats, IESE professor makes some interesting comments on the global strategy and management in times of crisis in the journal Insight.
In summary:
* You always have to go look for new opportunities and especially in crisis situations.
* What is working now does not have to keep running longAnd therefore must be brought forward.
* The first thing to do is be clear where we are: Our opportunities, aces, strengths.
Prats details some proven strategies that managers are often applied to identify new opportunities to enable their companies weather the crisis and emerge strengthened. In some ways, are as simple as playing in a Online casinoYou just have to know when you click on the correct keys. How to identify opportunities?
1. Recombined in different ways what we already have: people, product, presentation, etc..
2. Act fast: Analyze and implement new opportunities quickly.
3. Providing new opportunities from the management team, which requires them to work longer hours and out of the comfort zone.
4. Having a positive vision for the future while being realistic about the current situation.
Tags: crisis, Management, Strategy —