12 Strategies to Survive & Thrive Through a Recession

12 strategies to survive & thrive through a recession

7th August, 2020

How did leading multi-nationals like Samsung, Costco, and Honeywell survive previous recessions and use them to drive growth afterwards? Drawing on research by Harvard, McKinsey, Deloitte, and Bain & Company, we’ve identified the proven strategies used by top companies to successfully navigate through a downturn and thrive after it - and compiled them into this essential report.

These 12 critical strategies include how to:

  • Map out a ‘recession-proofing’ plan
  • Maintain a future-focus
  • Treat cash as king
  • Cut costs creatively
  • Balance your finances
  • Streamline operations
  • Perfect your core competencies
  • Be a ‘must-have’
  • Leverage technology
  • Build a competitive advantage

Following these strategies will position your business to survive the recession and emerge from it in the best shape possible.

 

Need help?

This report is a compilation of resilience strategies from world-leading companies designed to help you not only weather the storm, but also to build a competitive advantage and put the pedal to the metal coming out of the downturn.

For further insight into how best to prepare your business, book a complimentary 30-minute Strategy Call with myself, Grant Davidson.

As the Managing Director of Davidson Branding for almost 30 years, I hold invaluable experience and expertise in competitive strategy and business leadership. I have:

  • Successfully built a resilient business that has grown through three recessions
  • Studied Competitive Advantage, Digital Strategy and ‘How to Lead a Business Through its Lifecycle’ at Harvard Business School
  • Mentored 100 businesses for the Victorian Government
  • Developed winning competitive strategies with many world-leading brands

Our Strategy Call will achieve the following outcomes:

  1. Quickly identify vulnerabilities
  2. List and prioritise urgent strategies to build resilience
  3. Identify opportunities to gain market share
  4. Develop an action plan

Written by Grant Davidson
Grant is the founding partner and head of strategy at Davidson Branding. Over his 37-year career, Grant has developed world’s best practice knowledge and expertise through his studies at Harvard Business School and his experience working with leading global brands.
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