I once heard a manager proudly tell a new analyst who joined her team that in their business, you have to get comfortable with not having information and making decisions in an environment of great uncertainty. She was not talking about the future and the uncertainty it brings, she was talking about right now. You …
One of the biggest travesties to me in strategic planning – yes, I know I’m being dramatic – is that companies do not incorporate economic forecasts and scenarios into their strategic plans. I don’t count mentioning the outlook in the background section when you’re setting the tone for the rest of your plans. To me, …
Using forecasts and scenarios in strategic planning Read More »
I’m sure that you have heard entrepreneurs in the Caribbean complain that they have a very difficult time sourcing financing. In fact, a World Bank survey for Barbados found that 41% of small businesses stated that access to finance was a major obstacle for their business, compared to 30% of their counterparts across the world. …
I got the idea to write this post when I was writing the Recession and Falling Reserves 2013Q3 review for Barbados. I wondered if all of this doom and gloom about the economy was leading to worse business decision-making. So I did some research and I realised that within many companies marketing spend appears to …
Surviving the Recession: 5 Steps to Improve Business Decision-Making Read More »
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