Hackett: Business Finance, ''How to Recession-Proof Your Business''
February 28 2008 - 11:12AM
Business Wire
It's just Economics 101: All business is cyclical, and that's true
even when, as seems the case in the new century, the cycles are
speeding up. Finance executives need to be prepared to meet the
challenges of bad times as well as good. Companies that react
quickly to an adverse market have a good chance of preserving
profitability. But world-class organizations go beyond that, says
The Hackett Group: They leverage disruptive events to get the
buy-in they need -- from management, workers and stakeholders -- to
drive transformative change and raise their organization's
performance to world-class levels. Hackett�s research identifies
several areas where the best companies focus their efforts. They
reduce G&A costs, improve working capital performance, examine
globalization opportunities, and fine tune the performance of their
Enterprise Performance Management system. Click Here to Link to
Full Text of Article or visit the following URL:
http://www.businessfinancemag.com/magazine/archives/article.html?artic
leID=14950 (Due to its length, this URL may need to be
copied/pasted into your Internet browser's address field. Remove
the extra space if one exists.) The complete research described in
this article is available at:
http://www.thehackettgroup.com/hpn/docs/rword/ More information on
other Hackett Research is also available at:
http://www.thehackettgroup.com/about/alerts.jsp About The Hackett
Group The Hackett Group (NASDAQ: HCKT), a global strategic advisory
firm, is a leader in best practice advisory, benchmarking, and
transformation consulting services, including shared services,
offshoring and outsourcing advice. Utilizing best practices and
implementation insights from more than 4,000 benchmarking
engagements, executives use Hackett's empirically based approach to
quickly define and prioritize initiatives to enable world-class
performance. Through its REL brand, Hackett offers working capital
solutions focused on delivering significant cash flow improvements.
Through its Hackett Technology Solutions group, Hackett offers
business application consulting services that helps maximize
returns on IT investments. Hackett has worked with 2,700 major
corporations and government agencies, including 97% of the Dow
Jones Industrials, 73% of the Fortune 100, 73% of the DAX 30 and
45% of the FTSE 100. Founded in 1991, The Hackett Group was
acquired by Answerthink, which was renamed The Hackett Group in
2008. The Hackett Group has global offices in the United States,
Europe and India. More information on The Hackett Group is
available: by phone at (770) 225-7300; by e-mail at
info@thehackettgroup.com; or on the Web at www.thehackettgroup.com.
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