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Creativity and innovation during an economic downturn |

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12.1.08 – it was made official today, the US is in recession. Likely you have already felt the effects and they don’t feel good. If you are like many other worried business owners, you may be thinking that times like these require cost cutting and withdrawal from non-essential business practices, and many of you may be forced to do this. Once this all blows over (not that I’m an economist, but it will) the winners will be those who find the opportunities in this situation. Investing in design and innovation, as always, will result in a payoff down the road. It will help assure that your message is finding its audience, communicating with them, and reassuring them that you're here to stay. It's also an opportunity because your competition may be reclusive in times like this, and getting your message out now could have greater impact without the chatter of your competition.
When considering how to weather this economic storm, you should be vigilant as ever about thinking toward the future. Just as the storm dissipates, your company could be the one poised with exciting new offerings, while your competition’s products or services were left to die on the vine. Think about the poor battered Dow Jones, there will probably never be another time like this to “invest” in stocks, it's an opportunity. Whether you believe that now is the time to invest or not, the opportunity is there. If your organization has the resources, seize it.
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the PULSE is a production of MUELLER design, © Copyright 2008, MUELLER design, All Rights Reserved
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