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SHORT-TERM STRATEGIES FOR BUSINESS DOWNTURNS

 

Leadership Letter

 

November 2008 - Leadership Letter (#32)

 

 

SHORT-TERM STRATEGIES FOR BUSINESS DOWNTURNS

 

Good Morning!

 

Most of our friends and clients have been impacted by the precipitous downturn of September and October 2008, with the prospect of it continuing through at least 2009.

 

The last time business was this severely impacted was in the early 80's, when that recession lasted about 18 months.  In ~1982 P&G decided to outsource most of its design engineering.  (Fortunately for us, I'd left P&G's engineering division 8 years earlier to start our firm).

 

Over the years, we have noted the broad measures clients have used to take business downturns in stride, or even capitalize on any opportunities they present.  Hopefully here, you will find a few of possible interest.

 

Wishing you a prosperous November!

 

Feel free to view any of my past Leadership Letters here.

 

Regards,

 

Mel

Mel Hensey, PE, F.ASCE

Management Consulting Engineer

Hensey Associates

www.henseyassociates.com

 

Past Leadership Letters are also available by clicking on the links below ...

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8220 Riversedge Circle, Maineville, Ohio  45039

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