Business Strategies in the New Normal
We are all aware that nearly all businesses, both nationally and globally, have been affected by COVID-19 in some way. As a result, they are having to adjust their strategic plans and implement tactics that could not have been foreseen just a few months ago. These tactics have often required companies to cut jobs, salaries and planned initiatives for the year. Companies are challenged with implementing these tactics while trying to maintain their core competencies. Many of these short-term survival tactics, although necessary, are a threat to a company’s recovery and long-term success.
Alternatively, we are finding that progressive companies are focusing on a “short list” of initiatives that allows for a stronger and more efficient post-pandemic rebound. When sales are not rising and your markets will not allow for price increases, focusing on pro-active cost cutting efforts can be part of a plan to stay profitable. Efforts such as, leaning out business operations, automating processes, and IT Infrastructures to improve efficiency are more critical than ever. This could be the difference for your business and your recovery. Pragmatic Consulting Inc. can help! Our expertise track record of success has included helping many companies streamline operations, making them more effective. View our outstanding services the website below or feel free to give us a call. You will be glad you did.
Hope all are staying healthy and safe.
John F. Sweeney, President/CEO