Prospering in uncertain times

Abstract

Purpose

The purpose of this paper is to outline some of the measures that UK business leaders can take, during times of economic turbulence, to ensure that their companies survive and thrive.

Design/methodology/approach

The paper is written from the perspective of the UK and Ireland CEO of Vistage International, the world's leading executives' organisation; it explores some of the most effective methods and ideas, drawing on current Vistage members as case studies.

Findings

It was found that even during times of uncertainty, adequate preparation and innovation can enable UK businesses to conquer economic challenges and potential obstacles.

Practical implications

Competitive advantages are to be optimised, preparation and flexible planning are to be prioritised and teams are to be reorganised, if appropriate.

Originality/value

The paper provides a useful survival guide for all those business leaders – particularly those who have never before experienced a troubled economic climate – who have an interest in executive development.

Citation

Price, T. (2009), "Prospering in uncertain times", Industrial and Commercial Training, Vol. 41 No. 2, pp. 75-79. https://doi.org/10.1108/00197850910939108