Do you think it's time to cut back? Maybe a different approach makes better sense.
By CJ Rhoads
MC Press Online Editor's Note: The following article was previously published by Klee Associates, Inc., publisher of JDEtips Journal and SAPtips Journal. A sample issue of either journal may be requested by clicking the respective links.
Klee Associates Publisher's Note, October 2008: As a result of the economic downturn occurring in September 2008, companies worldwide tightened their belts and started cutting budgets for everything that didn't appear to drive sales and profitability, including IT budgets. But is that the best strategy? In March 2008, we published an article by Dr. CJ Rhoads in which she anticipated the current events and advised companies to remain level-headed and even take advantage of the coming slowdown. That advice was true in March, and even more so today.