There aren't many of us about who would argue that this hasn't been one of the worst recessions in history. The devastating effects of the credit crunch and the collapse of so many banks has causes ripples in industries that have traditionally been strong. But out of each recession comes the ability to make changes and exploit different markets.
As an example, most industry leaders that i talk to speak of the number of rivals that have gone into insolvency. Oranisational losses have been large and due to the swollen over-spending of some industries, many corporations have been in an extremely poor situation to weather the typhoon. The result is, they lose out and they really go bust.
It's a doleful fact and I really hate to use the term here, but it truly is survival of the fittest. But what takes place when the markets change and folks begin spending again? Well, people who have survived end up in a very advantageous situation because suddenly the pool is bigger and there are less fish about.
There are some companies who will take this as an opportunity and market themselves as rubust companies, take over the pool and win more business than they ever had. But still more will hold on to their budgets and miss out. It's a mirror of the 'dot com' boom to bust in several respects because these companies are the 'behemoths' who believe they know better and are run by big financial departments who try to rule by ledger.
The companies that survived and thrived during the worst of the downturn were those that went out and grabbed customers with compelling and interesting content, effective marketing and aggressive promotion. Promoting is the key to any company's survival - without it, folks have no idea you are there and so you may as well not exist.
With this under consideration, all companies should now be considering how they're going to make the maximum of the upswing which will necessarily occur - but those plans have to be made right now. Holding back and not spending anything on promoting is dangerous. This does not imply you need to invest in any scheme that turns up that attempts to relieve you of your cash in return for riches, but it implies you need to look at your company's strategy and how it's possible for you to leverage the web and the incredibly rich applications available to come out from the recession a stronger and more active player in whatever market you are in..