Efficiency strategies for the CIO
Reducing costs and building the foundations for the recovery
Over the next few years, the economy will continue to go through a challenging period of uncertainty and re-balancing. By 2011, however, we should be on the road to recovery – though future growth, while positive at around 2 percent, is likely to be muted by historical standards. Even if current difficulties prove more severe than anticipated, the economy is resilient and a global recovery would still see it rebound.
We believe that there are three key stages through which business will move as they navigate this downturn. These are:
- Taking stock of the changed environment and considering available options;
- Correcting course in line with the changed environment, with a view to availing of potential opportunities;
- Taking actions now to maximise shareholder value going forward.