Economic turns, whether up, sideways or down, have a similar result. Inflation, for instance, is good for investors but bad for shoppers. The economic world is going to be dragging along for a year or so. Management will be gloomy, and employees will be nervous. And this is the best time for the quality management professional to strike.
Corporations think of profit improvement in terms of increasing revenues.
They're willing to take lower margins if necessary in order to raise sales figures. But that strategy is going to be difficult to implement in the near future. Fortunately, there is a mine of money waiting to be tapped. That number can be reduced by 25 percent in a couple of months and by 50 percent within a year. Do the math for your organization.