Friday, September 25, 2009

Business in Retrench Mode Strategy

Businesses move into a Retrench Mode Strategy for a variety of reasons such as:
  1. The Economy makes a shift.
  2. The Local market makes a shift.
  3. A new competitor enters the market.
  4. A competitor makes a significant shift in the market.
  5. The supply chain makes a shift.
  6. The customer changes buying patterns.
  7. The owner(s) has a shift in their personal life.

At these times the business will need to address the issue and establish new goals and objectives.

If your business is facing any of these issues be prepared to move to a "Retrench Mode Strategy" at least for a while.

Judy

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