Taking Advantage of the Pit Stop: How to Prosper in a Recession

by Economist Intelligence Unit, 17 February 2010

0 comments

Facebook

Digg

Twitter

topics:
Budgeting and Planning Management

tags:
business model cutting costs Economist Intelligence Unit infrastructure new markets R&D recession

Login / Sign Up (free) to Download White Paper

Thumbnail:

The Economist Intelligence Unit’s report focuses on those firms that prosper in a recession, not just because of their industry, but because they have positioned themselves to be ahead when the economy improves.

The first thing most companies do in a recession is cut discretionary costs, such as marketing, training, travel, infrastructure maintenance and research and development (R&D). They tighten up on receivables, reduce inventory and look at selling non-core assets. But although focusing on cash and costs is necessary to survive, those companies that prosper take a more proactive approach to managing through recessions, seeing the slowdown as a “pit-stop”—a chance to rethink the future of the business and ensure that the company is geared up to achieve it.

Orignal Author:

Economist Intelligence Unit

Quote Image:

Attachment	Size
Taking advantage of pit stop_EIU.pdf	459.94 KB

Note: Chrome users may not be able to download some whitepapers. If you encounter any difficulties, please use IE or Firefox to download your whitepaper.

By downloading this document, your details might be provided to the sponsor. If you cannot download the document, please contact us.

Accounting and Regulations

CFO innovation Asia Accounting and Regulation the Asia Pacific resource center for senior finance executives, daily news, analysis, best practice and case studies in Accounting Regulation, IFRS, US GAAP, Tax, investor relations, corporate governance, Corporate Law, Financial Regulators, Internal Audit, Audit, Corporate Law.

Auditing, Investor Relations, Law and Compliance, Tax

Finance and Banking

CFO innovation Asia, Finance and Banking the Asia Pacific resource center for senior finance executives, daily news, analysis, best practice and case studies in Corporate Finance, trade finance, treasury and risk management, capital expenditure, Banking, mergers and acquisitions

Cash and Liquidity Management, Corporate Finance, Insurance, Treasury Management

Management

CFO innovation Asia the Asia Pacific resource center for senior finance executives, daily news, analysis, best practice and case studies in Finance Management, Corporate Governance, Human Resource Management, Compensation and Benefits, Mergers and Acquisitions, Professional Development, Corporate Real Estate, Risk Management, Budgeting and Forecasting, Business Process Management, Business Process Reengineering, Outsourcing.

Budgeting and Planning, Business Expense Management, Human Capital Management, Outsourcing and Shared Services, Risk Management

Metrics

Corporates, Financial Services

Technology

CFO innovation Asia Technology the Asia Pacific resource center for senior finance executives, daily news, analysis, best practice and case studies in Finance Systems, Business Intelligence, EPR, Accounting software, CRM, Cloud Computing, Telecommunications, Business Process Outsourcing, Business Process Management Software.

Business Intelligence, Enterprise Software and Systems, Financial Systems, Security

CFO innovation ASIA