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173 – Businesses see opportunity in recession

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21 April 2009

I received this interesting piece from some Barclays Commercial research.

The results suggested that most businesses viewed the ability to ‘leapfrog’ struggling competitors as their key opportunity in the current recession.

The research also suggested that it was transforming the economy: 60% of businesses claimed their organisation has been transformed for good due to the impact of recession. Fewer than a quarter continued to operate unchanged.

David Marks, Barclays Commercial Bank’s managing director had this to say: “These results show that far from being focused solely on survival, many companies are using this period to make a renewed push for growth and market share.

“We are also seeing a grass roots economic transformation in the UK as businesses change what they produce and how they produce it en mass. This transformation is one that businesses and banks alike are working hard to understand and plan for.”

Has your business changed? I’m sure it has. We’re all in adapt and survive mode. It might be hard – no, let’s face it, it is tough – but such difficulties are often the springboard for new ideas, new creativity and new opportunities. So how is your business doing? Research from Barclays

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Ralph Morton

Ralph Morton

Ralph Morton is an award-winning journalist and the founder of Business Car Manager (now renamed Business Motoring). Ralph writes extensively about the car and van leasing industry as well as wider fleet and company car issues. A former editor of What Car?, Ralph is a vastly experienced writer and editor and has been writing about the automotive sector for over 35 years.

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