I posted my take on “TPM and the Economy” yesterday. Today in the LEADERSHIP email feed there was an article published by Deloitte US entitled: Breathing Lessons: Managing in a Downturn”.
No surprise there…its been in all the papers. But what WAS especially interesting (to me) was the fact that many of my points about TPM in foodservice related directly to the more global “management” article by Deloitte. Great minds think alike…
Some key excerpts from Breathing Lessons:
Grow smart
Smart growth begins with hedging against recession by investing in counter-cyclical areas. It should also mean focusing on products and services with more consistent demand and less price elasticity.
Simplify your business model
In tight times, it pays to recalibrate the overall cost burden. Our research found up to 30 percent of a company’s customers or products are actually not profitable.
Turn fixed costs into variable costs
Most businesses have a number of costs that don’t decline as volume falls.
Bolster your planning discipline
Use the downturn as an opportunity to learn more about the macro factors that drive your business.
Points we should all heed...good luck in YOUR efforts to stay ahead of the avalanche...
(ARTICLE LINK: http://www.deloitte.com/dtt/newsletter/0,1012,sid=103200&cid=201398,00.html?WT.mc_id=CFO_email_0408