Get the Best “To Do” List Ever from Harvard Business Review
“Inaction is the riskiest response to the uncertainties of an economic crisis” is the lead sentence to one of the best business management articles I’ve read in years. Published in the February 2009 issue of the Harvard Business Review, it’s a succinct but comprehensive outline of how to get your house in order so you can weather the economic storm and be poised to seize opportunities. The 29 recommendations are couched under the areas of Financial Fundamentals, Share Price and Current Business, and are excellent “go do” activities not only for your bank, but for your business customers as well.
Here’s a sample of their top-line management action steps:
- Revitalize customer retention initiatives.
- Realign sales force utilization and incentives to generate additional short-term revenue.
- Reallocate marketing spending toward immediate revenue generation.
If you want to read the complete article, please let us know. With all the doom and gloom out there, it’s a useful, positive read.
