NEWS AND TIPS

Useful Information

Growing Revenue in Times of Slowing Demand

January 23, 2023

Revenue is a function of both price and volume. In turbulent times, many companies react to the uncertainty by focusing on growing volumes as the key driver of revenue growth. This is typically achieved by lowering prices, especially in recessionary times when demand is more price elastic. However, during a recession, brands would be better advised to focus on strategies that increase volume without reducing prices. While this requires some creativity, it is the best way to sustain long-term revenue growth.

3 TEAM-BUILDING STRATEGIES

January 25, 2023

Team-building activities: Organize team-building activities that encourage collaboration, communication and problem-solving skills such as Escape rooms, Scavenger hunt, or a cooking class.
Team retreats: Plan a team retreat where team members can bond outside of the office environment, discuss work-related issues, and strategize for future goals.
One-on-one meetings: Schedule regular one-on-one meetings with team members to discuss their progress, provide feedback, and address any issues they may be facing.