Survival Strategy #1 of 10
Regroup.
Many firms ramped up hiring in good times. Got into work that wasn’t their strength, profitable or sustainable. This is a time to re-evaluate your core business. What you can compete in, where you can make money and possibly accept downsizing as a way of re-focusing and tightening the business focus. Good strategy is as more about saying no than yes. These are the times that form your reputation.