Braving the Economic Slowdown Essay Example | Topics and Well Written Essays - 1750 words

Braving the Economic Slowdown - Essay Example Threats to the company must be identified and the major challenges must be addressed in order to secure the future and continual operation of the company. The cash flows of the company must be properly monitored and strategies must be formulated in order to avoid long maturing investments as these are the ones which carry very large risks for failure. The top management and leadership of the company must be quick and decisive in order to allow the implementation of changes to be successful. This paper presents what strategies needs to be implemented for the year in order for the company to achieve better competency and survival while also maintaining and ensuring the future of the company Braving the Economic Slowdown: Analysis and Strategy Development Introduction In light with the global business crisis and the reduced economic activities, the company needs to tread carefully on the ventures and strategies for its operational aspects. Times like these call for more precise decision making and planning so as not to waste even more precious resources and advantages, lest the company fail like many others in this recession. But in order to have a better grasp of the situation, we must first delve into understanding the nature of such crisis in order to determine and identify the threats and major challenges that the company is and will be facing. Therefore, the background of the crisis and the global entities and sectors that are most vulnerable should also be recognized. Limiting factors and hindrances should also be put into