Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.
5 Things Companies Should Do
in a Slow Economy
Gede Manggala
Not so much to do?
Not really.
During a slow economy or
when sales is low, there are
some opportunities that
companies cou...
1. Deep Learning on
Company's Financial Data
It's time to challenge your most
brilliants talents and the brightest
manager...
2. Housekeeping
Go out. Visit your factories and
workshops. Go to the fields.
Managers, supervisors,
employees: roll your ...
3. Take Care the SOP
Are they up-to-date to
the processes in the
field?
How do we measure
and track?
Does the SOPs have
si...
4. Encourage Knowledge Sharing & Cross-Training
This is the perfect time to understand the big picture.
Marketing-Design-E...
5. Support Creative and Inexpensive Activities
Ask the millennials in
your companies to lead
this.
Family Gathering
Mini O...
The period of a slow business could be a great
opportunity for us to prepare for the upcoming fast race.
Let's do it.
Lead consultant of Edraflo, a business process design & improvement firm
edraflo.com
Gede Manggala
Upcoming SlideShare
Loading in …5
×

5 Things Companies Should Do in a Slow Economy

2,120 views

Published on

Some idea to keep employees engaged while valuable to the company during a slow business period

Published in: Business
  • Be the first to comment

5 Things Companies Should Do in a Slow Economy

  1. 1. 5 Things Companies Should Do in a Slow Economy Gede Manggala
  2. 2. Not so much to do? Not really. During a slow economy or when sales is low, there are some opportunities that companies could do. Here are 5 things to do. Notes: Cutting  coffee  supplies  OR headcounts  are  not  on  this recommendation  list
  3. 3. 1. Deep Learning on Company's Financial Data It's time to challenge your most brilliants talents and the brightest managers to jump deep dive on your company's financial data. Is every customer profitable? What % of your customers contributes to 80% of the company's profit? Were the marketing expenses worth the past 3 years growth? "Customer" term here could be replaced with branch, area, oil/gas well, product, etc.
  4. 4. 2. Housekeeping Go out. Visit your factories and workshops. Go to the fields. Managers, supervisors, employees: roll your sleeve. It's time to do housekeeping and organised your machines, equipments, tools, inventories. Sort the needed and the unneeded items. Organize them for easy access and usage. If painting is too expensive, just clean them
  5. 5. 3. Take Care the SOP Are they up-to-date to the processes in the field? How do we measure and track? Does the SOPs have simple work instruction or checklist? Could we refresh the SOP for our employees; and including "tell, show, and illustrate" the procedures? Does any procedure need revision?
  6. 6. 4. Encourage Knowledge Sharing & Cross-Training This is the perfect time to understand the big picture. Marketing-Design-Engineering-Production-Supply Chain Management to conduct knowledge sharing sessions; even better, create a cross-training program. Understand the end-to-end process of your company.
  7. 7. 5. Support Creative and Inexpensive Activities Ask the millennials in your companies to lead this. Family Gathering Mini Olympics Hackathon etc (as long as it's fun and not expensive)
  8. 8. The period of a slow business could be a great opportunity for us to prepare for the upcoming fast race. Let's do it.
  9. 9. Lead consultant of Edraflo, a business process design & improvement firm edraflo.com Gede Manggala

×