London, UK (PRWEB) December 2, 2008
Is your business struggling? Has the current economic downturn got you worried? Strategic business management expert, Kim Warren, author of Strategic Management Dynamics (ISBN 978-0-470-06067-4), offers advice on planning a strategic recovery. He successfully guided an ailing financial company out of the last economic cycle to emerge re-engineered in better competitive shape. A free article outlining the process is now available at http://www.strategydynamics.com.
Kim explains … "Management rushes into over-expansion in good times, chasing more of those high-spending customers, launching more products and services to sell them, and adding capacity and staff to make it possible. In the process, they add quantity to these four resources, but don't notice the falling quality - especially lower-spending customers, and products that don't add sufficient truly incremental sales and margin."
During boom times business blossoms. However the current economic climate is not so forgiving. Previous successful sales can mask underlying business architectural and managerial problems. So, how do companies get themselves out of the mess, their previous strategic errors have landed them in?
In his article "Strategic Recovery", Kim describes how the financial company successfully recovered through careful strategic planning. In 2001/02, taking a break from lecturing at London Business School, he successfully helped them "dig themselves out of trouble!" This simple article provides a proven strategic recovery guide, which is very relevant to business survival today.
Visit the Strategy Dynamics website, http://www.strategydynamics.com, to request your copy of "Strategic Recovery". It's only one perspective on the problem, but a very powerful one!
Understanding and managing performance over time, especially during a downturn, is intuitively challenging. A fresh approach to strategic business management will help executives, advisers and business owners develop robust plans to steer their organizations' strategic planning. Strategy Dynamics also offers online and bespoke courses, with optional personal assistance by Kim, in applying the strategy dynamics approach at http://www.strategydynamics.com/mastering.
For more up-to-date advice on strategic management concerns, join the conversation by following Kim's blog at http://www.kimwarren.com.
Strategy Dynamics is a new approach to the formulation of business strategy. For more information about the strategy dynamics approach, or any of Strategy Dynamic's other products and services; online business strategy management courses, strategy simulation software and business games, visit the website.
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