Advertise

Saturday, May 9, 2015

Act Quick At The Time Of Crisis

The windfall and turbulence would be found in business. The windfalls outnumber the turmoil.  The bad days are there for every venture. Good managers would be able to predict mishaps much earlier.
They should tide over the crisis with prudence. it is hard to come out unscathed. It is harder still to bring in profits during these stormy days. But it is the duty of the managers to diminish the difficulties by opting various methods and see which could be appropriate to minimise the losses.

That is in all the managerial skill, the business acumen that is much talked about. Anyone can sail in smooth waters. it requires special capacity and foresight to predict and sail the waters when it is in a fury. The same could be said of the managers.

When the markets are down and the production is more the stock would increase affecting the rotation. Money is needed to keep the business going. If it is stacked and is blocked then the business would suffer. The managers should rise up now, They should bring down the production by cutting one shift per day. Announce a lay off for workers.That way production cost could be saved. Market the manufactured goods quickly. Allow a discount. As goods that lie for days in the godown are akin to dead bodies in the mortuary. Sell the piled stock as soon as possible. make money at the earliest. Waiting is unpardonable. it is action, immediate action is the need. G ahead. You will succeed.


No comments:

Ads