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The current and unavoidable Recession of America, slowly impacting Canada, Mexico, spreading its wings towards Europe and Asia, all the way to the farthest corners of the world, is nothing to be either afraid or surprised of. It is just one of those cycles that
appear every decade or so. While some land soft, some land hard, but this may be the hardest, yet still there are some very positive things in that "R" word.
The previous recessions have clearly taught us some very valuable lessons, as this time around, the application of the right game-plan may offer you a winning streak. This is how.
Re-Charge Innovation
What better times, when things are slow and getting quiet, as normally in busy booming days, corporations and their senior teams get so convinced of success that they forget all about real innovation. The best ideas of innovation come through depressive, recessionary cycles. What better times to re-engineer, re-design and re-think the entire business processes, overall strategies, and most importantly, the prime business model itself? Most successful corporations are very seriously behind in innovations already, and often too complacent with surrounding technology, only to be jolted when attacked overnight by a new innovative wave. Simply put, start innovating today.
Re-Align Marketing
When everyone is in a shock, about what and how all this happened, the customers and clients both scratch their heads and that's possibly the best time to nurture innovative marketing to determine the sharpest and fastest means to get the new marketing messages and products from point A to B. Fill the vacuum with new ideas and new efforts. Ask that innovative team you just organized to help you.
Re-Position Image
When customers want new solutions, they are looking for the best image and powerful identity, today it's all about professionally branded identities and corporate image. Basically, no other issue is as important as this one. Not to be confused with logos and mass advertising, the promotional strategies are in melt-down during recession, and while the old branded guards dwindle down, this also opens doors for the new faces to appear, creating immense opportunities for new-comers to emerge as the real solution providers. Hold the logo-promotion; fix the brand identity and its image fast while pushing hard as a new warrior on the block.
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Naseem Javed, recognized as a world authority on corporate image and global name identities, is a harsh critic of casual and accidental naming. He is a dynamic speaker on corporate image and branding issues, and is also the author of Naming for Power. He founded ABC Namebank International, an image and branding consultancy over 25 years ago.
Website: www.abcnamebank.com
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