It can lead humans to run for antacids, have anxiety or heart attacks and lose sleep. But for some businesses, getting ready for an economic downturn and troubled times ahead has its rewards.
As the world grapples with constant change, it seems as if continued prosperity will be challenging. In times of uncertainty, such as an election year, trade wars and global pandemics, how can you help your business navigate choppy waters?
Last year, Bain & Company studied this issue and surveyed 3,900 companies. Ten percent of those surveyed were able to leverage the last period of recession to outperform. This was partly due to…