In a period of economic downturn, the overwhelming instinct is to pare back, cut costs, and lay off. If you do that, do so with your strategy in mind. The worst mistake is to cut across the board. Instead, reconnect and recommit to a clear strategy that will distinguish yourself from others. (Michael E. Porter)

In a period of economic downturn, the overwhelming instinct is to pare back, cut costs, and lay off. If you do that, do so with your strategy in mind. The worst mistake is to cut across the board. Instead, reconnect and recommit to a clear strategy that will distinguish yourself from others.

Michael E. Porter

Related topics

across clear cut lay mind mistake off worst others downturn costs

Related quotes

Guard your mind from self-praise and flee a high opinion of yourself, so that God does not allow you to fall into the opposite passion to the virtue for which you boast, for man does not accomplish virtue alone, but with the help of God who sees all. View quote
Marcus Eremita
Train yourself to cut off an intrusive thought immediately. And if you are forgetful and fail to chase them away at once bring God your repentance. Be at pains over this, so that you acquire the habit. The soul is a creature of habit: according to the habit you have acquired, so will you act all the rest of your life. View quote
Silouan the Athonite
Letting go helps us to live in a more peaceful state of mind and helps restore our balance. It allows others to be responsible for themselves and for us to take our hands off situations that do not belong to us. This frees us from unnecessary stress. View quote
Melody Beattie
Hospitals are closing across the country due to the burden of illegal immigration, college students find that summer jobs have dried up due to illegal immigration, and wages across the board are depressed by the overwhelming influx of cheap and illegal labor. View quote
Elton Gallegly
The economic and technological achievements of industrialization in this period were fundamentally mistaken. ...based upon plundering the natural capital of the globe that was created over millions of years: the plundering of the soils and their fertility; the plundering of human communities whether they were our own or someone else's. View quote
Carroll Quigley