How to Build Organizational Resilience During an Economic Downturn

When faced with economic uncertainty the natural tendency is to batten-down the hatches, reign in spending, and even cut back where possible. But the organizations that use this as an opportunity to revisit their processes, invest in technology and upskill their employee base are often the ones who prosper the most. As John F. Kennedy said, "When written in Chinese, the word crisis is composed of two characters -- one represents danger, and the other represents opportunity." In this discussion, Unit4’s Bryce Wolf and Shawn Windle from ERP Advisors Group are joining forces to discuss why an economic downturn is the perfect time to invest in your processes, technology, and people. They’ll be sharing their insights and experience of working with numerous mid-sized professional service firms, and how those firms managed to grow their revenues during previous economic slowdowns. Join them to hear: - Why companies stop spending, even when macroeconomics aren’t a factor - What the long-term impacts of cutting back on investment in people, processes, and technology in a downturn can be - The impact of cost cutting on employee morale - How organizations can continue to retain - and even attract - the best talent during tough economic times