Amongst other issues COVID-19 is challenging cash flow. When expenses are tight, Marketing and Sales expense levels can present real dilemmas.
Colorado has experienced five major crisis points over the past 35 years, each affecting the citizens of Colorado and our economy in unique ways.
The critical question for stakeholders today is, “How does our business survive the Covid-19 crisis?” While the answer to this question is unique to each business, there are key questions for managers and owners to ask themselves in order to plan a response…
Note: This article looks for hope in the profound lessons of history. Reflection in an uncertain time…
Engineering and R&D are often critical to the long-term value of a company, yet they consume precious cash during a downturn. How can a company preserve long term value while still managing cash?
During extreme economic uncertainty a business must be prepared to have both a Deliberate defense and a Focused offense.
Fear, uncertainty and doubt is to be expected in the current state of the nation and world. Media (even remarkably ESPN) is eating it up and has a permanent “Breaking News” banner flashing and afixed to the bottom quarter of your television screen. With the sequestering and our newest oxymoron “social distancing” of Americans including working from home to flatten yet elongate the infection curve, this pandemic is an opportunity and quite frankly a necessity for your marketers to be master communicators. The world needs Thought Leaders right now as the economy is in chaos.
Crisis, our stakeholders need our leadership to Get to the Other Side. Very few events in our lifetime create such uncertainty. The ability to navigate a disaster and the number of mind-numbing scenarios is a true test. Yet, human nature is to react as business is usual. Instinctually we gravitate towards day-to-day decisions. The situation demands leadership and action: assess, measure, and react.
The lessons in the plant were often more illustrative than the cases in our business textbooks. This story illuminates the impact of ingenuity and innovation to evolve People, Process, and Technology.
A few years back, my brother, Greg, and I struggled over a gift to give our father for his 87th birthday. Dad was fiercely independent and “didn’t need a thing.” But Greg and I weren’t having it. We were adopted and Dad had given us the gift of a childhood. He had given us his name, his values, work ethic and his family history. We discussed several items but settled on rebuilding the