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| Jan 22, 2009 10:51 am |
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re: re: Travel Biz in Troubled Times - Suggestions |
Lalit Saraswat
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We conducted a brainstorming session in a local industry association, the results were interesting. Some of them can be tweaked and applied to your businesses:
1. Focus Area: Internal Cost Cutting
reduce rejections.
give department wise targets.
use email v/s telephone
relook at process
do a time study to put standards in place
consider collective bargaining
innovate
collaborate (eg: washing powder manufacturer transporting goods in collaboration with a storage tank manufacturer)
2. Focus Area: Reprioritize Consumer Segments
all segments have not been equally hit
supply to the government
redefine business (eg: struggling carpainter transforming into a proitable coffin maker)
identify your own strength
3. Focus Area: Technology
use google and other search engines effectively
use IT in operations to save money and add value
invest in a CRM
use google docs - its good, its free
4. Focus Area: HR
great time to hire good people
invest in training
provide growth opportunities for existing people
use (free) training videos to save
implement 5S
Regards,
LalitPrivate Reply to Lalit Saraswat (new win) |
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