Javed Laher , MBA. Sales Director, Mediaocean EMEA | Host on Podcast Suits N Tracksuits | Founder of Chef33, Home Food App #Harvard #London getty As different parts of the world announce their economic positions, whether they are currently in a recession or approaching a recession, there will be measures companies need to take to ensure they maintain a level of business for survival at the minimum level in order to establish a plan to thrive. In this article, I will break down ten considerations for businesses during this time. 1. Focus on value. During a recession, consumers are more price-sensitive than usual. To stay competitive, it’s important to focus on the value that your products or services provide to customers. This might include features and benefits, as well as cost-savings that your products or services can deliver. 2. Be flexible with pricing. In a recession, consumers are often looking for a good deal. You might consider offering discounts or other incentives to attract price-sensitive customers. However, you should be careful not to compromise on profitability in the process. 3. Understand your customers. During a recession, people’s needs and priorities change. Therefore, it is important to understand your customers’ […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
