15 Risks You Can't Afford Not to Take in recession
Viewpoint: Forget the Recession, This Is No Time to Ignore Changes to the Agency Business Model Risk-aversion is a natural human trait, and it's one that gets amplified in times of trouble. Given we're all suffering through an exceptionally difficult economy, this is one of those times many of us feel like pulling in our horns and toughing the tough patch out. That's the worst possible course of action we could take. As every informed agency executive knows, we're at the nexus of the Great Recession and the Great Transformation of Marketing. In circumstances like these, a strategy of "just try harder" won't take you very far. Economists are always talking about types of risks you can afford and the kinds you can't afford to take. For those of us in the agency business, the latter bucket of risks is mostly about failing to adapt to the dramatic changes affecting the agency business model. Here are 15 things agencies can't afford to risk. 1. A skill ...