This method has universal application, but it requires a balanced approach
Posted: Sat Dec 21, 2024 4:34 am
Ill-considered total reduction of expenses can only aggravate the problems and cause paralysis of the enterprise's activities. Here it is necessary to evaluate the expense items according to how relevant each of them is in crisis conditions.
As a rule, the majority of current expenses are vital and cannot be significantly reduced korean girl whatsapp number so it is most rational to freeze or reduce expenses on promising areas with a long-term payback (capital construction, research and development, marketing research, etc.) - in the choice between the survival of the company and its development programs, the first goal is, without a doubt, the priority.
Method 5. “Shock therapy”
Although most often anti-crisis management of an enterprise is associated with savings and cost reduction in all areas, in reality a more non-standard approach can also work, in which expenses that have little impact on profits are cut, but investments in quick-payback projects and in what increases the efficiency of the company are increased.
Method 5. “Shock therapy”
Of course, such investments often have a downside in the form of higher risks, which is especially critical in times of crisis, and therefore only the right bet can save a company. Usually, in such situations, new marketing moves are used (aggressive advertising, non-traditional sales methods, entering other sales markets), although there are examples when even an increase, not a decrease in labor costs, helped the organization get out of the crisis.
As a rule, the majority of current expenses are vital and cannot be significantly reduced korean girl whatsapp number so it is most rational to freeze or reduce expenses on promising areas with a long-term payback (capital construction, research and development, marketing research, etc.) - in the choice between the survival of the company and its development programs, the first goal is, without a doubt, the priority.
Method 5. “Shock therapy”
Although most often anti-crisis management of an enterprise is associated with savings and cost reduction in all areas, in reality a more non-standard approach can also work, in which expenses that have little impact on profits are cut, but investments in quick-payback projects and in what increases the efficiency of the company are increased.
Method 5. “Shock therapy”
Of course, such investments often have a downside in the form of higher risks, which is especially critical in times of crisis, and therefore only the right bet can save a company. Usually, in such situations, new marketing moves are used (aggressive advertising, non-traditional sales methods, entering other sales markets), although there are examples when even an increase, not a decrease in labor costs, helped the organization get out of the crisis.