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During a Slowdown

Chapter: Business

Topic: Management Issues

During times of economic uncertainty, it’s wise to take a step back from the day-to-day activities of your facility and evaluate your overall business model. What are your most profitable offerings? Which are break-even ventures at best? It’s also a good time to take a look at the services you outsource and consider which competencies can be developed in-house. If you provide services to clients directly, why not serve as a consultant as they build out those capabilities themselves?

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