November 17, 2008

Recession Management: Take Action Now!


"You recover from a recession with tomorrow's products, not today's."

Sean Maloney
Intel EVP and Chief Sales and Marketing Officer


This quote was in today's Wall Street Journal and no doubt numerous other business dailies discussing Intel's introduction of a new family of high speed chips formerly called i7; hence forth code name Nehalem.

What we will be in the future depends on what we do in the present. If we do nothing we will at best be what we have been but only at best. More likely we will be something less because others will have moved forward while we stood still.


Do you have an i7 in the works? What are you doing to proactively change your future?


4 comments :

  1. Up until recently I admit my inclination was to hunker down and ride the storm out but based on this quote and a few others in this blog, I've called my management together to determine what we should do as opposed to what we shouldn't do. They were surprised because until yesterday all they've heard from me was "don't spend."

    I don't know where this will lead but I do see my team was excited to be talking about taking action.

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  2. One suggestion.

    We hold "How can we make it better?" meetings. We first identify those parts of our business that must be as good as they can be and then look for ways to improve them.

    While there are areas where no improvement is possible you have to be careful accepting that conclusion. Obviously one possibility when you do is the "circular thinking" mentioned in this post.

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  3. Anonymous, make sure you let us know how things go.

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  4. Sometimes you spend to save. For example when you buy software that saves operation costs, which we just did this. It was one suggestion coming from one of our "how can we make it better?" meetings.

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