The Management Consultancies Associations’s report "Dealing with the Downturn" warns that changes in the economy and British business since the last recession mean that ‘business as usual’ is not an option in this downturn.
The Dealing with the Downturn report, compiled in consultation with some of the consulting industry’s leading economists and business experts, says that the response to tougher economic times must focus on clear leadership, improved planning and a re-think of strategy. It also goes on to identify ten critically important actions for organisations, and says that particular attention needs to be paid to customers, suppliers and employees if companies are to survive and emerge stronger to take advantage of recovery when it comes.
I was delighted to be asked to contribute to this report specifically giving consideration to the nature of recent and expected job losses. This part of the report outlines six ways in which organisations can ensure they do not throw the good people out with the bad.
Other resources:
CEO Online - managng in a downturn
Atos Consulting - manage successfully in uncertain times
Friday, 9 January 2009
Dealing with the Downturn : Action needed to help the real economy
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3 comments:
I'm wondering why HR practitioners in UK don't formally model variability in sales demand and then track back to variabilty in labour demand?
Until we understand what is known and unknown, I'm unclear how we set priorities.
The talent model always sounds horribly like investors who have money but no knowledge of the business.
Green jobs is the new slogan being thrown around. My Atlanta Maid Service company sponsored me to attend a solar power convention last October '08. Let me tell you, this is one cat that is not easy to skin. There are two major obstacles, most importantly, demand. The progressive states have it, the conservative ones don't. Unless legislation provides incentives to make it economically feasable, there isn't going to be movement, at least fast enough to create a green wave. On top of the demand problem, lies the problem of technical ability. Green jobs are tough, they not only require the skillset of being self employed such as sales, marketing, accounting etc. They require electrical, plumbing, construction and the patience to fight the government with regulations. Not that following regulations are bad, it is just that ambiguity runs rampant one zoning and licensing issues from time to time. One inspector may approve, another may not. In the end, this is going to take some time. Unless economic necessity drives it, the theory will continue to sound interesting, but not much real action will take place.
I agree it's down, but it's not out, with economic pressure organisations are now opening their minds a bit to using great new tools like ExpertMagnet.com to find and sell expertise. Win-win solutions like this give the consulting world a lift.
Check it out: www.ExpertMagnet.com
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