In our three-phase series, Survive to Thrive, we outline specific steps you can take to prepare, re-position and take advantage of emerging opportunities to accelerate your business through the current economic downturn.

Our Phase I: Survive article, we laid the foundation with a 7-Step crises management process to help you weather the initial storm.  In upcoming articles, we will introduce you to Phase II: Revise (in two parts).  First, we will share common mistakes businesses make when coming out of a recession and what they can do today to either avoid or mitigate their effects to be better positioned to thrive during the next boom.

The second part of Phase II: Revise, we will show you how to identify, prioritize and make the most of future opportunities by repositioning your company for growth.  This requires a master strategy plan and an honest skills and capabilities assessment to ready your organization to capture as much market share as possible.

Whatever your “normal” was before the pandemic, one thing is certain – your customer needs and organization capabilities will need to evolve.  This requires different thinking and a willingness to make changes.

Read the full article here.  Phase II: Revise (Part A) – 7 Blunders & Key Mistakes