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Surviving in a down business cycle and emerging as a smarter, leaner market leader requires an organization to cut costs wisely, while keeping strategic business units strong and retaining the best performing (valuable) employees. Past experience shows that this simple strategy is very difficult to achieve when your organization faces declining cash flow, reduced budget, and the most common management cost cutting tactic, "Staff cuts". The survival tips given in paper have been proven time and again by the market leaders. These survival tips show how leading organizations successfully ride the dramatic ups and downs of the business cycle.
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