Strategic Management

Strategic Management

What, if any, economic issues should Wilson consider?

The belief that businesses fare poorly in economic slowdowns is a common misconception that is not generally true. Solidly run businesses actually hold their own during downturns. The number one recommendation for Wilson is to revise business plan. Wilson needs to identify additional information to know in order to make decisions about the future of the company.

Hot Shot's customers are lifeblood in economic climate. In a downturn they are what keep Hot Shot's cameras in business. Treat them very well. Spend time listening to Hot Shot's cameras clients to hear what they ...