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6.2 Trade and sectoral policies for diversification: Economic Report on Africa 2007
returning to the basics

Other economic management Related Articles

Fight Recession For Yourself And Others With A Management Franchise Business
Economic times are tough, but some businesses and industries have learned how to survive in tough markets and even profit during times of recession. Here's a look at some of the top management franchises that can help you weather a recession and even start a new franchises business and find success in any economic climate.
Keep Them Hungry: Innovative Bonus Plans for your Best Employees
Even amid talk of an "economic slowdown," the job market appears quite healthy heading into 2007. And the competition for seasoned sales and management experts remains high.

Consolidate or merge a checklist
Merge or consolidate to concentrate resources for successful operation; use economies of scale to minimize cost. In any economy, especially this one, consolidation or merger can make economic and strategic sense. First plan, and later integrate, equipment, processes and facilities properly because they affect not only the balance sheet but also future P&L results of the entity. In addition to this informative article, my Amazon book, Facility Relocation, Merger and Design, provides both management suggestions and hands-on guidance for this management strategy.

Financial Management: Five Key Questions
In today's challenging economic environment, it's more important than ever for entrepreneurs and small business owners to have a firm grasp on financial management. When all is said and done, there are a handful of financial management questions that every owner should always be able to answer. Here is my list of the five most important small business financial management questions.
Crisis Creates Leaders
What a profund statement. Crisis creates leaders. Crisis is certainly more prevalent and dramatic during tough economic times. It is no wonder that we are all being tested during these tough economic times. We must recognize and understand crisis and change management during these times to become more effective leaders to reposition our companies to thrive during recovery. This requires specific recovery and repositioning strategies.

Decision-making vs. Decision-getting
“If you can’t get people committed to what you are trying to do, you can’t get it done.” Carly Fiorina, former HP CEO, October 12, 2009 More than ever before, these difficult economic times require efficient management and effective leadership. We believe that efficient management is all about “decision-making” while effective leadership requires the skill of “decision-getting”. Many expect our economy to turn around in the short term but what if it doesn’t? What if it gets worse over the next three + years. Do you and your organization have the skills to “get it done” in a worsening economy?

Performance Management
A relatively new management buzz phrase, performance management, has been gaining popularity recently. Management, particularly sales management, has always been about getting results so clearly whatever sales managers have been doing prior to the emergence of this new concept should also be known as performance management. The article explains the tasks required to maximize performance.
Some Things Are Easier For Your Business in a Recession
If your business is feeling the impact of the economic downturn, think differently about how you could take advantage of the current economic circumstances. Some things are definitely more challenging, but others might actually be easier in these tough economic times.
All I Want is an Extra Month
How many times have you caught yourself saying, “I just don’t have the time?” Think for a moment about what you might be able to accomplish if you had a 13th month next year? Would that help you get more of the results you are looking for? Let’s take a look at “Time Management” and what that really means. We don’t need to learn how to manage time well. We need to learn how to manage ourselves well. Time management is personal management. Time management is life management. Each one of us has been given the same 24 hours in a day. Time management is what you do with the time you have been given.
Distribution reps as Decision-getters
More than ever before, these difficult economic times require efficient management and effective sales leadership. We believe that efficient management is all about “decision-making” while effective sales leadership requires the skill of “decision-getting”.

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