Corporate Digest Magazine- December/2017 corporate digest December 2017 | Page 6

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Survival Strategies

De-leverage and re-structure debt
For companies facing current or potential shortages in cash flow , de-leveraging , and re-negotiating debt terms should be a near term priority . To preserve cash , many companies will choose to reduce or cancel dividend payments .
Cut costs and maximize cash
Minimize the cost of purchased inputs through exploiting synergies across the organization and establishing greater control over external spends . Reduce exposure to poor payers and invest in more efficient and effective debtor collection . Digging deeper , optimize business processes to substantially reduce both cost and time required .
Repositioning Strategies
The Re-positioning strategies can be evaluated only with the prior company ' s problem like- how companies are organized — by product , geography , process ? This all need to be consider carefully in today scenario . Some of the repositioning strategies are below : -
Invest in innovation
Finance
Business and consumer buyers alike are likely to shift expenditure when they feel the squeeze , often in unexpected ways . Products and services that deliver better value for money will benefit and whether a company serves consumers purchasing patterns are likely to change in a period of downturn , and what new needs are emerging . Moving early on anticipate and service these needs can help to establish strong customer loyalty and a base for future growth
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