Surviving the economic downturn | Global economy | Innovation | Cost management

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There is no denying that the global economy has taken a turn for the worse, following the sufferings of the U.S. economy. The markets are swinging wildly, savings have evaporated, consumer spending is down, and unemployment is up. In such turbulent times, many businesses might understandably be focused on getting through the crisis of the week rather than growing for the future.

However, organizations that focus solely on incremental cost reduction such as cutting travel and training budgets, deferring expenses and reducing head count are likely to experience only marginal savings — and find themselves continually treading water.

How can businesses looking for long-term sustainability deal with the challenges of today as well as those ahead? The resources below can help organizations not only understand how to survive in the short term, but also how to turn the challenge of a downturn into an opportunity to implement transformational, sustainable changes.

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