Strategies for a Technology Market Slowdown

(0) Comment... What do you think? | Author : Susan Pascal Tatum February 7, 2008

Today I’m interrupting our look at website perfection to tell you about a blog post you’ll probably be interested in reading. Phil Morettini has written an article, called Strategies for a Technology Market Slowdown, that offers some very good guidance for operating a technology company in tough economic times.

In his post, Morettini gives the following advice:

  1. Analyze your situation. Understand whether your product is a “must have” or a “very nice to have”. And plan accordingly.
  2. Look for opportunities to outflank weaker competitors. (You can read more about using marketing in a slow economy in one of my December posts called Preparing to Market Technology in a Slow Economy.
  3. Slow near-term expense growth, but don’t compromise long-term initiatives.
  4. Limit the growth of your staff.
  5. Make sure you have money for a rainy day.
  6. Be poised for the next upturn.

Take a look at the full article here.

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