(The original article appeared in MediaPost on July 15, 2009)
Argh! Just when we thought things were looking up, the Department of Labor spoils it with the latest unemployment figures. I'm sure many companies upped their cutbacks again, rather than upping their PR budgets this past week.
So, really, this isn't a recession anymore -- it's a global gut-check. And there aren't any Lucky Dip bags filled with taxpayer money waiting for us at the end of the recession rainbow. Businesses everywhere have been paralyzed over which course of action to take. Be bold, be innovators? Or bring out the hatchet to those bloated costs and inefficient operations driven by years of faux-plenty? It's been a wake-up call for all.
Inevitably, in such a challenging (and changing) environment, many businesses have trended toward batten-the-hatches, slash-the-budget tactics. But in these actions, they may have failed to see that strategic positioning and public relations could actually help their companies gain market share, increase sales, and experience organic growth.
You may think I'm biased, but when we look at recent history, we see such opportunities have indeed arisen out of uncertainty.
Click here to read the whole article, Say No To More Recession Talk
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