10 MANAGEMENT STRATEGIES TO PREVAIL IN THE RECESSION & THRIVE IN THE AFTERMATH

A quick one:

1) Reset your priorities,

2) Protect your people because they are a vital asset to your business,

3) Relationships are changing, so take charge of the change,

4) Take a fresh look at your business model - it might need to adapt to seize fresh opportunities,

5) Manage for Value,

6) Your customers have new problems so create new solutions to help them,

7) Don't panic & cut prices; have some courage,

8) Increase your operational discipline & get healthier faster,

9) Take a deeper look at all the risks your company faces,

10) Spend time on growing yourself.

[Source: 'The Upside of the Downturn: Ten Management Strategies to Prevail in the Recession & Thrive in the Aftermath', by Fortune Magazine's senior editor at large, Geoff Colvin. I have yet to read the book, but I thought that the key ideas in headline format as presented by the author are apparently grounded solidly.]