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In a period of economic downturn, the overwhelming instinct is to pare back, cut costs, and lay off. If you do that, do so with your strategy in mind. The worst mistake is to cut across the board. Instead, reconnect and recommit to a clear strategy that will distinguish yourself from others.
Michael Porter
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"In a period of economic downturn, the overwhelming instinct is to pare back, cut costs, and lay off. If you do that, do so with your strategy in mind. The worst mistake is to cut across the board. Instead, reconnect and recommit to a clear strategy that will distinguish yourself from others."
— Michael Porter

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In a period of economic downturn, the overwhelming instinct is to pare back, cut costs, and la…

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In a period of economic downturn, the overwhelming instinct is to pare back, cut costs, and lay off. If you do that, do so with your strategy in mind. The worst mistake is to cut across the board. Instead, reconnect and recommit to a clear strategy that will distinguish yourself from others. — Michael Porter

About Michael Porter

Michael Porter was a Educator from United States (1947–present).

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Frequently Asked Questions

Who said "In a period of economic downturn, the overwhelming instinct is to pare back, cu…"?
This quote is attributed to Michael Porter, a Educator from United States.
When did Michael Porter live?
Michael Porter lived from 1947 – present.