How to Prepare Your Business in Times of Economic Downturn
What’s the best operational strategy in a slumping economy? It’s a difficult question for nearly every CFO and financial leader. Identifying Plan B in times of economic hardship requires a creative approach to problem solving, especially when beset by inflation, a faltering supply chain, and labor uncertainty.
The best strategies focus on the mind, team, and finances. Each area presents unique challenges leaders are advised to get in front of well before market conditions demand prompt action. Forming a resilient and durable business strategy is explained in a playbook designed to help CFOs adroitly navigate economic downturns. Each page presents expert commentary and insights, including:
6 rules to observe to maintain clarity and direction during economic crisis
How to maintain a nimble, agile workforce through rapidly changing business conditions
What questions and scenarios must be anticipated to avoid operational catastrophe