Respond to rising inflation and cost pressure without compromising your longer term strategy
With the full impact of inflation yet to peak, time is of the essence for businesses to prepare their responses. Those who take too long risk being outpaced by savvier competitors. The impact will be felt differently across industry and business circumstances, but all must be ready to reassess their direction and re-optimise their cost bases.
The instinct might be to narrow focus and cut costs, but a broader strategic lens will help balance cost objectives against opportunities to reinvest for growth. Our report explores how to adopt an approach that considers both the immediate cost pressure as well as the need to reinvest and direct focus to those areas best set to deliver growth. With this in mind, businesses can feel confident that their next steps will ultimately guide them to a position of competitive strength.
Regardless of specific areas of priority, industry or available capital, there are three strategic areas of focus where organisations can strike the right balance.