If there's one constant, it's change. Business cycles ebb and flow. How well your professionals and your firm perform depends largely on how well you and your leadership team manage change. It's amazing how fast change occurs. Your slow-to-change partners may be petrified in these times, yet it's critical that you dissect your core strategy. Is it still relevant? Is it forward-looking? Analyze your clients, your services and your ability to deliver them efficiently. Closely review existing operations to ensure that resources are deployed in areas that add the most value. This is not the time to carry on marginal activities or to waste resources on initiatives that do not contribute to your future.
In a dicey economy, your firm faces numerous challenges. Among them: