Deciding when to change your business strategy can be difficult. In tough economic times, you can quickly see old sources of revenue melting away giving you a clear indication that it's time to change course. But change is scary and you can risk alienating loyal customers (and employees and partners) along the way. This article from Business Week begins to take a look at some of the ways a business owner can determine whether change is needed and to examine the ways in which that change can be made.
When to change business strategy
Posted by ShawnHessinger under StrategyFrom http://www.businessweek.com 5353 days ago
Made Hot by: on August 26, 2009 1:16 pm
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I'd actually like to read something on this subject specifically about new companies. But this article did give good outlines of things to consider to adapt to a bad economy.