It has been a while since the last blog was posted by Crystal Learning. And it has been the credit crunch that has prompted me to share this with you now.
Every time you turn on the TV or the radio there is something about the credit crunch and it has compelled this short piece. If you want to know more or to make your own point on the thoughts expressed here then get in touch or leave your comments.
With the economic climate looking decidedly chilly, the reaction from most of us is to batten down the hatches and trim any excess spending. When we are told that we are on the brink of a recession, any activities that are not directly related to producing our product or service are dispensed with. As the credit crunch starts to bite us and those around us, we reduce investment and keep a tight rein on the budget available. And rightly so!
Here are three cost saving ideas for you to think about at this time.
The first is that when the skills we need to compete in our chosen market are not readily available within the business we need to find them from outside. Have you thought about training them in rather than buying them in so that they will be available to you time and again without any extra cost?
Secondly, difficult economic environments evoke a need for flexibility. That might be to adapt to new markets, diversification of product and service or the need for a multi-skilled workforce. Do the people in your organisation have the flexibility that you need?
Thirdly, companies that are able to adapt and change with the commitment and understanding of its workforce are more likely to survive a recession. It is those that stop communicating, withdraw responsibility and reduce motivation that are most likely to fail. Are you still communicating, expecting your workforce to be responsible for what they deliver and continuing to motivate them?
Consider your own organisation; are you able to answer 'yes' to all these questions? If so then tell us know about it so that others can understand how to make it work for them. If not maybe you want to know more about how you can apply these cost saving ideas.
Sometimes to make a measured investment now means your organisation is able to continue to grow and flourish in the future.
Every time you turn on the TV or the radio there is something about the credit crunch and it has compelled this short piece. If you want to know more or to make your own point on the thoughts expressed here then get in touch or leave your comments.
With the economic climate looking decidedly chilly, the reaction from most of us is to batten down the hatches and trim any excess spending. When we are told that we are on the brink of a recession, any activities that are not directly related to producing our product or service are dispensed with. As the credit crunch starts to bite us and those around us, we reduce investment and keep a tight rein on the budget available. And rightly so!
Here are three cost saving ideas for you to think about at this time.
The first is that when the skills we need to compete in our chosen market are not readily available within the business we need to find them from outside. Have you thought about training them in rather than buying them in so that they will be available to you time and again without any extra cost?
Secondly, difficult economic environments evoke a need for flexibility. That might be to adapt to new markets, diversification of product and service or the need for a multi-skilled workforce. Do the people in your organisation have the flexibility that you need?
Thirdly, companies that are able to adapt and change with the commitment and understanding of its workforce are more likely to survive a recession. It is those that stop communicating, withdraw responsibility and reduce motivation that are most likely to fail. Are you still communicating, expecting your workforce to be responsible for what they deliver and continuing to motivate them?
Consider your own organisation; are you able to answer 'yes' to all these questions? If so then tell us know about it so that others can understand how to make it work for them. If not maybe you want to know more about how you can apply these cost saving ideas.
Sometimes to make a measured investment now means your organisation is able to continue to grow and flourish in the future.
