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The Clouds Of Economic Slowdown May Have a Silver Lining
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The Clouds Of Economic Slowdown May Have a Silver Lining |
With all the talk about a slowdown in the economy ??? which may or may not materialize ??? I decided to look on the bright side and explore how power electronics companies could use such a downturn to effectively improve their competitive positions. A slowdown in the economy usually heralds a harsher business environment in terms of profits.
It also brings increased competition as companies face shrinking demand for their products while attempting to maintain profitability and still keep their marketing and research and development teams intact. Clearly, a wide and varied product offering is always a great advantage going into a slower market, and it helps suppliers to weather a temporary downturn.
Details
2008-02-12 16:40:00
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