Times are tough out there in the business place at the moment. There are many companies struggling and those companies who have large overheads and by their very size are less flexible to quick change will struggle to stay afloat. However, there are many companies doing fine. We for instance haven't seen much of a slow down in work since October 2008.
We have noticed in our line of work that most small/medium sized companies seem to be coping just fine. Work is still flowing in. Sacrifices will need to be made but generally people are fine. People are holding out on their payment terms a little longer than usual but that is about all.
The media are scare mongering many people. Sure, their is a problem with the credit crunch but it's not all the doom and gloom that is being publicised by the media.
One of the greatest things a company can do at the minute is start to look at effective marketing to push their brands and brand awareness further. A very effective means of marketing is Pay Per Click advertising which i will discuss in more detail in a following post.
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A useful exercise is to ask students who has gained in the recession - see:
ReplyDeletehttp://efbusinesseconomics.blogspot.com/2009/01/who-has-gained-in-recession.html
fantastic resource - thank you chris :)
ReplyDeleteNow I have your attention...
ReplyDelete:-))
just in case you missed it, have a look at the last paragraph....
http://efbusinesseconomics.blogspot.com/2009/01/business-studies-lets-geta-few-things.html
Thank you for the link Chris.
ReplyDeleteI'm fairly new to the blogging scene but i hope to find a couple of hours a week to commit to it. My specialism is in online marketing so i hope to provide a bit of insight into that.
Regards
Scott