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| Bracing for the Recession |
Crude oil prices sky rocket. Unsold homes grow. Adjustable rate mortgages reset upwards. The Fed lowers rates. Goldman Sachs, the biggest investment bank on Wall Street predicts that a recession is definitely on the way.
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Bottom Line: Reduce Expenses |
Corporations are in the midst of trimming their expenses in anticipation of the upcoming recession. (Some would argue it is already here.) Mandates to reduce staff and travel and minimize off-site internal meetings in service of an expense reduction plan have been issued.
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Taking the Holistic Approach |
Yet off-site meetings, it can be argued, are exactly what corporations need during these economically challenging times. The current strategy needs to be re-examined and refreshed from a holistic point of view. For example, questions such as: Is trimming staff in one part of the company a good idea if it harmfully affects the output in another part?
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| How can current customer service be maintained if there is a reduction in staff? Is reallocation of staff to profitable areas, customer service and other customer-facing units a better solution than reducing staff? What about recruiting? How do staff reductions affect an organizations’ ability to attract top talent, overall organizational performance and reputation? Are sales targets to be reduced also? If not, how can the targets be met with less staff? What alternatives are there? |
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| Dollars and UNI-cents |
With a carefully designed meeting plan, a three-day non-UNISON meeting can be done in a day to a day and a half with UNISON. Those of you who doubt this, please review the case study that describes how a leading national financial services company gathered 2,500 top managers to brainstorm, devise, and agree on a plan to launch a national sales campaign. The actual UNISON “time” and subsequent recorded results took four hours in total. Though the travel costs remained the same, the costs for the meeting space, meals, and accommodations were reduced by half. And the sales campaign? A nearly six percent revenue increase in six months. |
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DIAGRAM OF US CITIES LINKED TOGETHER |
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| UNISON® REMOTE |
| Another recession-buster to consider for essential meetings is UNISON REMOTE. Up to 25 locations can be connected in a live real-time environment via a fully secured VPN with full UNISON functionality. Senior management and content experts’ presentations are delivered via internal or external broadcast facilities to the remote locations. Critical groups across the United States are brought together at the most critical of times to brainstorm strategy realignment, staff allocation and new sales targets. |
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| Bottom Line |
| The bottom line is that with UNISON as the driver, coupled with our expertise in designing and developing critical meetings at this most crucial of times, your meeting can be executed successfully with more participants in less time with less cost. The resulting strategic outcome will be a holistic and company-wide agreed upon approach to deal with the recession effectively, efficiently and productively. |
Video: A UNISON Setup
