Keywords
Citation
Ord, G. (2010), "Top business tips for tough times/out of the doghouse", Strategic Direction, Vol. 26 No. 1. https://doi.org/10.1108/sd.2010.05626aad.004
Publisher
:Emerald Group Publishing Limited
Copyright © 2010, Emerald Group Publishing Limited
Top business tips for tough times/out of the doghouse
Article Type: Abstracts From: Strategic Direction, Volume 26, Issue 1
Ord G., Black A.In the Black (Australia)July 2009Vol. 79 No. 6Start page: 36No. of pages: 8
Purpose – to offer businesses advice on coping with the economic downturn. Design/methodology/approach – asserts that in the current economic climate, businesses need good, timely information in order to manage cash effectively and spot problems at an early stage. Recommends assessing the business from a risk management perspective, stresses the importance of cash flow as well as profitability and lists some ways to improve both. Suggests a review of trading terms with customers and suppliers; and of the terms of your banking facilities and leases. Advises getting specialist help to consider strategies for protecting personal assets and downsizing the workforce. Adds a personal story to illustrate the points made.Article type: Viewpoint/General reviewISSN: 0004-8631Reference: 38AR851
Keywords: Decision making, Information strategy, Supplier relations