Sunday, 22 March 2015

How to bulletproof your business from a bad economy.

2008 Econom,y, Zim Dollars losing value .
Even in times of economic growth, it’s challenging to grow a business.It is important to have a good leader at the first place. Research shows that people placed in positions of authority often become less mindful of others’ feelings and needs. Meanwhile, those in subordinate roles devote immense energy to watching and interpreting the actions of leaders. These tendencies make for a toxic tandem, which is only exacerbated during a crisis.
 Sutton, a Stanford professor, provides a useful framework to get bosses focused on what their people need from them most. In a situation where people feel threatened, a good boss finds ways to provide more predictability, understanding, control, and compassion.
empty shelves during the 2008 economy.
Predictability. Give people as much information as you can about what will happen to them and when. Preparation will reduce their suffering, and they can relax in the meantime—as Londoners during the blitz were able to do when the air-raid sirens were silent. It is also important for a company to stay positive at all time. It is necessary to minimize work- space injuries by meeting  with the employee and offer him a light-duty job the worker can do while he's healing rather than to leave the injured to consult with the attorneys.
It necessary to keep your customers happy by telling them what they've gained from using your products or services in presentations or informal conversations, your sources can encourage others to use your products or services hence it will keep them coming back.Also there is need to reduce vacation.


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