PLANNING FOR SUCCESS: Post-recession recovery

Published: 26 April 2010

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OVERVIEW:  PLANNING FOR SUCCESS:  Post-recession recovery

On 21st April I gave a presentation to the Chartered Institute of Library and Information Professionals titled Strategies for Success:  Lessons form the Past, Lessons for the Future.

This presentation summarises most of my research on change management and the implications of the Great Recession. There are five key points:

Key Point #1:  Traditional business planning processes don't work very well during the turbulent periods following the technical end to a recession.

Key Point #2:  Instead of relying upon traditional  planning and strategy-making processes, use a three-phase approach to explore the new post-recession world.

Key Point #3:  Change in the needs and behaviours of your customers will occur in three to four major phases.  Each will bring distinct opportunities.

Key Point #4:  Think creatively about costs - don't shoot the usual suspects.  When it comes to cost reviews, think processes not budgets.

Key Point #5:  Think locally, not globally.  The Great Recession has progressed localized differences more than globalization.

But the best way of starting to think about post-recession startegy is to consider alternative scenarios that delineate the futures we could face.

To read more, please download the pdf version of the full-text.

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