Unfortunately troubled economic times seem to bring a narrow-minded response from many businesses. Common initiatives appear to be driven by short-termism and the need to be seen to be doing something rather than really adapting to the challenges of the new economic environment.
Initially the response is often denial, hoping that a recovery will come along and that things can get back to normal. When the realisation sets in that an early recovery is not forthcoming then it is agreed that something must be done and as it has now been left late, then that something must be radical. Usually this means cost cutting and cost cutting means that heads must roll.
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