EDITORIAL FEATURE
Business Transformations
During Recessive Times
By Sonia Clayton
S
o the price of oil continues to slide down
and now what? Get ready for Change.
In the midst of a global-transformation
scenario, with a major slowdown in Western
economies, significant shifts and organizational
transformations in all major US based multi-national are taking place. However, 75% of U.S.
CEOs seem very comfortable with their current
business model, because their corporations have
initiated the implementation of new business
transformation strategies. These new strategies
call for the realization of optimum value and cost
control. But, what is happening with their providers or smaller co-dependent organizations?
Step 2 Allow for open-honest communication.
Give frank and honest answers to employees’
questions. However, be careful to an