Sroys

The recent market plunge and the economic crisis is almost like “evolution” and the emergence of a higher breed. Every once in a while an Ice Age comes along and only the lean and the mean will survive this - the Government may step in like the enviromentalist and try to bail out the dinosaurs - But I have respect only for companies who can survive on their own with quick and good decisions.

With reports of many web based companies loosing traffic and revenue like Ebay and with major companies like Yahoo on the verge of bankruptcy it’s clear that there are tough times ahead. So what do I think companies should do to survive this:

1) Cut back on infrastructure cost - increase cash reserve.
2) Lay-off non-productive or problematic staff immediately - don’t waste time.
3) If you have major operations - divide them along with fixed budgets and goals - be strict.
4) Focus vehemently on productivity and new ideas.
5) Invest in your own company - don’t go buying.
6) Out source work which can be outsourced.
7) Keep your company Lean and Mean.

Techcrunch has almost become a blog of lay-offs and head counts - sometimes I am thoroghly bored reading about who’s falling apart in this crisis. I would be much happier if they and others could focus on what steps companies are taking to survive this crisis.

Regarding Yahoo - I think they should divide their company and do it now. When companies want to become stronger they merge with other market leaders to create one stronger company. In their case they are falling apart with low profits and high costs. Lay-off employees, divide your business and let the best survive.