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• Global financial crisis in 2009 - are there some winners? What are some best practices?

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  Elisa Alberto    Premium Member   Group moderator

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  Global financial crisis in 2009 - are there some winners? What are some best practices?

  Before Christmas we had a forum about the Crisis and what was the impact on Romania. My feeling is that in 2008 companies were still waiting to see what was going to happen with the new year, and nobody could predict yet which impact/how strong the crisis was going to have on a global scale.
  
  As now things are becoming clearer and people are familiarizing with the current situation, it is becoming clear how the crisis is affecting companies/industries differently and at different times. Even though it is often communicated as general crisis, there are some companies that are taking advantage out of it. Do you have some best practices to share? Does it has to do more with size (small/big size), indusytry, how international the company is, markets in which it´s operating?
  
  Flexibility has proven to be a success factors, as the unclear situation required companies to create different scenarios strategies, instead of just one. Other company instead have been trying to concentrate their efforts on business rather than on the crisis and followed their strategy without making big changes. What is your experience?
  
  I am looking forward to hearing your opinions,
  
  Elisa Alberto
  
  DOUJAK CORPORATE DEVELOPMENT - http://www.doujak.eu
  Co-Moderator "Business in Romania" Group
  
  • 09 Mar 2009, 8:59 pm
  Elisa Alberto wrote: > Before Christmas we had a forum about the Crisis and what was the > impact on Romania. My feeling is that in 2008 companies were still > waiting to see what was going to happen with the new year, and nobody > could predict yet which impact/how strong the crisis was going to > have on a global scale. > > As now things are becoming clearer and people are familiarizing with > the current situation, it is becoming clear how the crisis is > affecting companies/industries differently and at different times. > Even though it is often communicated as general crisis, there are > some companies that are taking advantage out of it. Do you have some > best practices to share? Does it has to do more with size (small/big > size), indusytry, how international the company is, markets in which > it´s operating? > > Flexibility has proven to be a success factors, as the unclear > situation required companies to create different scenarios > strategies, instead of just one. Other company instead have been > trying to concentrate their efforts on business rather than on the > crisis and followed their strategy without making big changes. What > is your experience? > > I am looking forward to hearing your opinions, > > Elisa Alberto > > DOUJAK CORPORATE DEVELOPMENT - www.doujak.eu > Co-Moderator "Business in Romania" Group