Facing economic challenges in Year 2009
Due to various micro and macro economic factors the year 2008 saw businesses, large and small, plunge into economic crisis and ensured that the following year is a definite economic challenge. While some large organizations across the world have collapsed like pack of cards, some of the others are pulling up their socks and coming up strategies to wither the winds of the crisis and geared up to face the challenges posed by the coming years. Yet, there are some companies still prospering, though their number is relatively small!
What makes these companies different? What do they do differently than the other companies which have failed to survive or those struggling to survive?
Eliminating the most common factors like being in niche areas or products or being a monopoly player in their domain, these companies should be doing something quite right that they are doing as well as they are! They are operating in the same markets as other organizations are so the external business environment is similar for all the organizations
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