Strategic Innovation Newsletter Welcome to the May edition of Strategic Innovation newsletter, a free monthly newsletter on leadership, strategy and innovation. Delivered on the first Tuesday of each month. Back issues are archived for free downloading atwww.DanielLockConsulting.com. 15 Tips For Leading In Freaked-Out Times. 1. Leaders create order from chaos. If there is no [...]
Posts Tagged ‘current economy’
How to Thrive in These Economic Times
Posted in Strategy, tagged improving condition, Strategy, Leadership, wisdom, strategic planning, economy, current economy on May 18, 2009 | Leave a Comment »
It’s total panic in 2008, and 2009 is right up there with the depression of 1929, the crash in 1987 and the 1974 oil crisis. Perhaps even worse – who knows what will happen before it bottoms out. Everything is CRAZY right now. There is a media frenzy generating FEAR, and most people are trying [...]
Cut the Fat Not the Meat
Posted in Success Factors, Marketing, tagged Marketing, Success Factors, economy, current economy, advertising on May 6, 2009 | 1 Comment »
It might seem natural to curt spending on advertising during a recession, but it would be madness. McGraw Hill carried out two studies: Advertising during a recession creates 132% more 5-year sales growth over those that didn’t advertise, or cut their budget. Advertising during the 1981-82 recession created a 256% increase in sales growth by [...]
Two Great Examples
Posted in Marketing, Strategy, Case Studies, tagged Marketing, Strategy, current economy, advertising, JB hi-fi, mcdonalds, marketing strategy on February 13, 2009 | 2 Comments »
Reading the business pages of the newspapers this week. Two great examples leapt out. JB Hi-Fi are making more money than ever in what is typically a down market for retailers. Selling consumer electronics they are dominating. Why is this? Superior strategy. They know their market (the young, and professionals), they know their core capabilities [...]