Okay. You know it’s really bad out there when you hear “the best investor in the world,” Warren Buffet, proclaim the economy just fell off a cliff. Fortunately, in the next breath he went on to say that the tough times are temporary and America’s best days are still ahead.
Whether you’re an economic optimist or a pessimist, the critical question on everyone’s mind is: What are the best steps we can take right now to pull us through today and get us ready for the rebound?
This economic downturn is the ultimate wake-up call for everyone to get back to basics, and build leaner, more accountable, results-oriented operations no matter what. In good times, standardizing operations to improve performance and efficiency might seem like a “nice-to-have,” but in times like these, it’s a survival tool.
By refocusing on operations and eliminating waste you can gain a critical competitive boost so you can “out-tough” this lousy economy.