How Technology Companies Can Survive the Financial Crisis
In these tough economic times, technology companies need to protect themselves and better prepare for the stormy months ahead. It is now imperative for managers to examine all areas of the firm's operations in order to reduce expenses and ensure financing availability. Knowledge Center contributors Bob Pearlman and Bob Strasser discuss eight tools and approaches that can help technology companies through the current economic downturn.Fallout from the current financial crisis has made its way from Wall Street to Silicon Valley, where technology companies are battling a myriad of problems, including frozen IT budgets, layoffs, stagnant R&D spending and a lack of capital. Negotiating the stormy seas of these recessionary times, while maintaining profitability, is a challenge for even the most seasoned managers. To help weather the storm during this economic downturn, technology companies in the United States should consider the following eight tools and approaches to help guide them through.
1. Properly recognize revenue