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Home > Executive Report > Sponsored Content
Even in a down economy, there will be organizations that view the current economic situation as an opportunity, and find innovative ways to increase market share and expand profits. Here are three keys to maximizing resources and increasing profitability.
“Not a single day should go by without some kind of improvement being made somewhere in the company.” — Edward Deming
Continuous improvement in any market is the life-blood of a successful organization — improving processes and increasing efficiencies are even more important if the economy heads south. Recent developments in financial markets have many organizations tightening their belts. However, not too long ago, organizations were forecasting an increase in their IT budgets for next year. Back in June, the Society for Information Management polled 300 IT executives about their plans for IT spending in 2009; and found 44 percent were planning for bigger budgets and 43 percent were planning to increase staffing.
Fast-forward a couple of months from June, after the failure of financial markets all over the world, and the CIO Executive Board discovered a different attitude.
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