Managing Through a Recession

Managing Through a Recession is part of Nelson Croom’s peer-enriched learning suite of learning. Peer-enriched learning courses stimulate intelligent dialogue and debate and provide a valuable and evolving resource of professional knowledge and experience. These courses are topical, practical and highly relevant to today’s changing market. Each module is split into two activities: Understanding the issues and Putting it into practice. The first encourages learners to think about a topic, drawing on their own professional experience and knowledge. The second helps learners to put ideas and/or theories into practice as part of their day-to-day work.

Managing Through a Recession enables the learner to:

• Predict what could go wrong in a downturn and spot it early
• Assess the likely impact of any issues
• Develop a plan to address problems
• Put in place the right actions and measures to ensure your plan works

Topics:

What’s going on?

• The current environment
• What’s different this time?
• What’s positive?
• What does this mean to you and the senior management team?

Assessing the damage

• Problems and consequences: Part 1
• Problems and consequences: Part 2
• Damage reporting
• Root causes

Analysis tools

• Analysis of sales and gross margins – the product market matrix
• Analysis of new business leads – the “funnel”
• Activity based costing analysis
• Short interval costs
• Error reporting
• Process management – the leaking pipe

Planning under pressure

• Planning and replanning
• Prioritising
• Approaches to problem solving
• Possible routes to solutions

Making it happen

• What makes an ongoing process of implementation?
• Emotions
• Meetings
• Management information