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Explore PDF about How to Control Surviving Economic Slowdown described by Maithan Alloys.
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How to Control Surviving Economic Slowdown Described by Maithan Alloys
Know About Surviving Economic Slowdown Become Sustainable - Owing to the demands of shareholders, companies often focus their ● energies on ensuring profitability is achieved, even if it is erratic and not sustainable. Focus on Long Term Vision - A direct result of the strategy to focus on erratic profitability is the ● increasing focus on short term goals. Ensure Predictable and Consistent Performance - While short term growth may result in a ● temporary high, businesses will lose credibility once there is a fall in performance. Invest in Your Ecosystem - Companies should use the economic slowdown as an opportunity to ● build the right ecosystem around them. Improve Capacity - Companies should improve capacity and make appropriate changes to internal ● processes to support this initiative.
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