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Most of us have been taken by surprise at the speed and depth of the current downturn. The sudden collapse of the normally reliable banking sector has compounded the difficult situation, as struggling companies feel an additional lending squeeze.
From the boardroom down through the business managers, management teams are scrambling to find ways to get through this tough cycle. It is important to remember that this is a cycle and the majority will come through it ready for a steady upturn in the next decade.
So what can management do now to take to be strong and ready to take advantage of the upturn?
