{"id":2851,"date":"2012-10-19T06:01:30","date_gmt":"2012-10-19T12:01:30","guid":{"rendered":"http:\/\/corevalues.com\/?p=2851"},"modified":"2012-10-19T06:01:30","modified_gmt":"2012-10-19T12:01:30","slug":"thriving-in-the-wake-of-the-great-recession-part-3-what-is-possible","status":"publish","type":"post","link":"https:\/\/corevalues.com\/dev\/2012\/10\/19\/thriving-in-the-wake-of-the-great-recession-part-3-what-is-possible\/","title":{"rendered":"Thriving in the Wake of the Great Recession: Part 3 \u2013 What is Possible"},"content":{"rendered":"

\"\"<\/a>This is the 3rd part of a 3 part series blog where I provide insight on how businesses and organizations can move forward quickly after a debilitating recession to regain profitability and retain their top performing employees.\u00a0<\/p>\n

Research collected from the past 3 recessions by the Harvard Business Review showed that only 9% of businesses come out of a recession stronger than ever. This means that 91% of businesses failed, were acquired, or merely limped along. This blog provides solutions to increasing post recession survival rates by looking at \u201cWhat is Possible.\u201d<\/p>\n

While the economy is still experiencing slower than usual growth, high unemployment rates, a struggling global economy, and strapped financial options, many organizations and businesses are setting their sights on the future. They are seeking to maximize their labor pool, position themselves for organizational change championed by employees, beef up their training and communication programs, and bring sales and profits back to pre-recession growth rates.<\/p>\n

Instead of emerging from this recession looking at the \u201cglass half-empty,\u201d progressive companies have realized the old way of doing business has become extinct and that their glass is actually still \u201chalf full.\u201d Forward-thinking organizations are reinventing themselves, redefining their business cultures, and rebuilding collaborative relationships and alliances with employees as well as partners, investors, and vendors.<\/p>\n

To wrap this blog series up, let\u2019s take a look at \u201cwhat is possible\u201d after a recession delivers a devastating reality check to organizations. Here are five \u201cmust-have\u201d components to be addressed by organizations and businesses looking to thrive beyond the current recession.<\/p>\n

Build Collaborative Relationships and Engagement <\/strong><\/p>\n

Build strong business relationships and they will come\u2026.this includes customers, vendors, business alliances, partners, and employees. Collaborative, cooperative relationships create:\u00a0<\/p>\n