If your Competitors Drop the Ball, are you Equipped to Save the Day and not Make the Same Mistakes?
Most industries have been adversely affected by the world wide economic downturn. We are seeing many businesses cutting costs to reduce overheads and remain in line with demand. There is absolutely no shame in doing so, in fact, it is a necessity as the survival of the business is paramount.
I feel that businesses should make the cuts now and not wait. By hesitating and playing the "just in case" game, organisations are causing un-recoverable damage. It will be less painful to find new personnel when needed as opposed to holding on to numbers with no active role in the business' survival.
However, I cannot help but question some of the functions that are being cut. I have always firmly believed that communication between supplier and customer is as important as product and prices. Dare I say - it may be more important.
When I see key customer contacts being removed from the chain, it means only one thing, the customer will suffer! And no doubt, there will be a queue of alternative suppliers offering similar products and services grasping the opportunity to acquire that business.
I have not escaped the need to reduce overheads; however, I am focusing on moving resources to maintain customer communication. By retaining our experienced and recognised customer contacts, we are able to keep hold of our most prised possession - our customers.
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