7 tips for business leaders to survive the economic downturn
Music by Adrian Berenguer
Video: Pexels
The 2023 economic downturn presents an unprecedented challenge as it follows the COVID-19 pandemic.
This complex situation is being compounded further by various contributing factors:-
Video: Pexels
-including inflation and changing worker demographics, resulting in disparate impacts on nations worldwide.
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Read to know how business leaders must plan strategies in 2023
1. Focus on long-term strategy, making smart cuts and smart investments
2. Talent must be at the center of the long-term strategy
3. Choose the right customers to serve
4. Provide customers with the innovations and control they need
5. Provide consistent, communicative employee experiences to increase productivity
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6. Choose to invest in partnerships carefully
7. Guide the board on the insights about your business
Source: Forrester
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