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Navigating a Downturn: Strategies for Business Resilience

Tom Spencer

Adopt Conservative Financial Management Maintaining the financial health of a business is paramount if one hopes to thrive during periods of economic challenge. Embrace Innovation Innovation can be a game-changer for businesses by simultaneously enabling them to operate more efficiently and open up new revenue streams.

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Leadership Tip #13: For Innovation, Remove at Least One Policy or Procedure a Week

Johanna Rothman

Some managers wanted to prevent Bad Things from happening in the organization, so they added policies or procedures. Now, these same managers want business agility. Worse, sometimes, managers add more policies and procedures. I saw that in an organization that had management signoff for changes the technical people made.

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