Strategies for Surviving Recessions:
Management Reporting and Forecasting
Like death and taxes, recessions are inevitable. Whether caused by geopolitical conflict, economic shock or stock market disturbance, these destroyers of wealth and jobs are part of the circle of business life. Of course, knowing recessions will recur doesn’t make them any less disruptive. In the already cyclical construction industry, plans must be in place, and decision makers need real-time access to key information. To survive the next recession, companies need the right management in place; real-time, on-demand reporting systems; and the ability to forecast.