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During an economic downturn, leaders lose as soon as they favor short-term gains at the expense of long-term strategy.
To survive a recession, companies can neither endlessly cut costs and wait for the dust to settle nor throw everything at innovation without consideration for budget and economic volatility. Success lies in threading the needle between near-term value and medium- and long-term success.
The right data and analytics foundation can help your organization strike this balance by reducing risk and costs and empowering teams to do more with less. Read on to learn about 3 strategies for creating business value during a recession and why innovation pays off.