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Home > Business Management Articles > Effective Executive Management During an Economic Downturn

Effective Executive Management During an Economic Downturn

In an economic downturn, forward-looking executives focus not only on survival; they also prepare the business for recovery. This series of four articles, published in Business Excellence Magazine, will introduce a disciplined executive process to ensure that your company not only survives but is positioned to rapidly grow when economic conditions improve, as they will. This management approach includes critical thinking, multiple scenario planning, and integrated analysis of management planning and decision-making alternatives.

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		Looking Forward to Recovery written by Rick Burris In an economic downturn, forward-looking executives introduce strategies for survival but also prepare the business to lead during the recovery. Part one of this four-part article series covers avoiding budget traps, strategic planning, and essential executive management processes for preparing the company for the recovery. Read part one of this article series: Looking Forward to Recovery
		Resource Deployment Strategies written by Rick Burris The second article in the four-part series on effective executive management during an economic downturn addresses the process of adjusting resource allocations during a period of reduced demand. Read part two of this article series: Resource Deployment Strategies
		Advancing the Business in the Down Market written by Rick Burris In an economic downturn, advancing the business means carefully managing both the income statement and balance sheet to ensure resources are available to service the remaining demand in a way that gives shareholders and stakeholders confidence in the future. Continuing to repair any broken or underperforming processes creates efficiencies for the short term and a foundation for exploiting market opportunities that will arise from competitor attrition and from the opportunities created by the eventual economic or market recovery. Read part three of this article series: Advancing the Business in the Down Market
		Exploiting the Recovery written by Rick Burris This fourth and final article focuses on the actions that ensure your company can leverage all of your previous positive work to advance the business during the eventual economic recovery. Read the final article in this four-part series: Exploiting the Recovery

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