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Succession Planning - For the sake of change?
A business coaching perspective on succession planning.

Other economic upturn Related Articles

5.1 Determinants of diversification in Africa: Economic Report on Africa 2007
Diversification and policy variables constitute a two-way process in that diversification not only influences policy outcomes, but is itself influenced by policy variables. This proposition naturally leads to the search for those economic and non-economic policy actions that are likely to affect the level and rate of diversification in a country. What evidence is there that links economic and non-economic variables with national capacity to diversify?
HUMAN RESOURCE DEVELOPMENT AND ATTRACTING INWARD FDI
One of the characteristics of rich industrial economies is the availability of a workforce with a high level of human capital. Whether human capital has been the key driver of economic prosperity or vice-versa is still a matter of debate. Nevertheless, long time series trends in educational attainment and economic growth during the last century indicate that HRD and economic prosperity went hand in hand10. Some developing countries followed similar trends in human capital and economic growth. What was distinctive about these developing countries is that they appeared to have realised large economic benefits in attracting MNEs into host economies, and have thus mobilised inward FDI to attain rapid economic growth.
Do you want to succeed in a down economy? Many have; you can too.
Staying afloat during an economic downturn is difficult, but it's not impossible. Can you hold on? Will you be ready for the upturn? Can getting back to basic business fundamentals guarntee your company's staying power and a solid comeback in the upturn? Here's what you can do.

Developing a Skilled Workforce for the Upturn
The current economic climate is not to last for ever. It is therefore important that employers begin to prepare and ensure that they have the staffing required for the upturn.
Managers - Put That Stick Away!
Truly acknowledge how important and valuable your people are to you. Treat them well and they will help you ride out this recession and be ready, with you, when the upturn arrives, as it surely will!
Get Prepared for the Upturn
Tips to get your ready for the upturn in the economy
Why entrepreneurs adjust their thinking when business failure is not an option
A true entrepreneur only sees opportunities and the chance to make a lot of money. In a down economy they see it as the time to build greater knowledge, strength and resources to be ready for the inevitable upturn in the economy. However, we if we are not wired like the true entrepreneur we need to remind ourselves of what it takes to keep going and get to the next level.
Preparing for the upturn - Retaining and attracting the best skills in the market.
With the first signs of economic recovery upon us employers need to be prepared for the upturn, they need to focus on retaining skills and keep employees engaged in their work, if voluntary turnover increases after an economic downturn, then companies have to bear the costs to recruit, train, and attract new employees to replace those who have left. Replacing lost employees quickly becomes expensive. Not only does turnover have financial implications, it also impacts workplace performance. However this is just the tip of the iceberg as customer relationships are impacted, knowledge is lost and often other employees have to pick up the slack, causing increased levels of stress among the remaining workforce.
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.
Crossing Your Street Of Success
Regardless of what we read about in periodicals or hear on TV, none of us really know where our economy is going. While I have studied economics and on occasion have made some sound economic predictions, I am not an economist. Therefore, I cannot, nor am I going to, predict when we will see an upturn. I will, however, go way out on a limb and predict we will see some form of an upturn soon, followed by what could be many years of peaks and valleys.

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