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Surviving the economic downturn is only half the battle: high-performance businesses see it as a window of opportunity to make the changes that will help them gain long-term dominance in the coming recovery.
Accenture offers a guide.
Companies have expended much emotional and financial energy in dealing with the fallout from the recent economic turmoil. But there is no letting up. Business leaders must begin to prepare their companies for recovery now.
Preparing for the eventual recovery of the global economy needs to be done now. As previous downturns have shown, the strongest and most agile companies have used periods of economic strain to reposition themselves for high performance in their markets, pulling ahead of competitors and gaining a new, long-term dominance.
Having the right strategies in place is only the beginning. Companies also need to have the right organization—capabilities, talent, leadership and culture—on hand to identify and then seize new opportunities.
The downturn represents a window of opportunity to drive far-reaching change as investors and employees are all expecting it—and even supporting it. Do not let that opportunity go to waste.
Based on its research-based understanding of high performance and its extensive experience helping leading companies navigate out of previous downturns, Accenture has identified five critical areas of focus for companies:
Contact us to find out how Accenture can help your company prepare for the recovery.
Yaarit Silverstone is the managing director responsible for organization effectiveness offerings and capabilities within the Accenture Talent & Organization Performance service line.
December 7, 2009
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