It’s no secret that many individuals and business are feeling the economic strain of a weak US economy. As a result, companies have begun to reexamine their business processes with a critical eye on efficiency. In a world of deflating property values, a weak dollar and $4 per gallon gas (yes, Europe, we know you think that’s next to free), companies are definitely counting the pennies.
When a company’s financial resources decrease, other tangible and intangible resources seem to dwindle as well. The workforce may become smaller. Employees might be more isolated than usual. The company may be too focused on stopping the monetary bleeding to plan for the future. (more…)