Similarly, to survive an economic crisis, a company should protect itself against the currently harsh conditions (by laying off people, cutting R&D or marketing or HR budget and similar). The important point to keep in mind is the plan how to emerge as a stronger player after the crisis (in this case R&D effectiveness turns out to be a key factor).
This can be summarized as follows:
make a balance between
long term and short term
goals and achievements
and decide which one to sacrifice
(preferably surviving long enough to judge upon viability of our plan)
long term and short term
goals and achievements
and decide which one to sacrifice
(preferably surviving long enough to judge upon viability of our plan)
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