Easley, SC 29642
29.08.2021
This crisis is the ideal time to make radical changes to how we work in America.
Media prices are falling, so advertising becomes more profitable. The combination of low prices on media and weak competition gives companies the opportunity to cheaply grab market share.
This crisis is the ideal time to make radical changes to how we work in America.
People who work in healthcare are tirelessly looking after patients with COVID-19, often in challenging conditions. There is a clear risk of long-term mental health issues, such as post-traumatic stress disorder (PTSD). But expert resources are available, and many rely on lessons learned from the experiences of military personnel.
Things won’t be the same. Here are 10 tips for putting empathy into action and keeping people safe.
The new coronavirus has affected people’s health in more ways than one. In this Special Feature, we look at what the pandemic has meant for primary healthcare access in countries around the world.
As some in the Trump administration push toward “reopening the government,” a federal employment lawyer said worried workers might find solace in existing leave policies and the whistleblower protection statute.
Then came truly frightening times for marketing managers. How to respond? What is the optimal strategy? There are several rules of survival in the times of crisis.
Do not panic. Most marketers assume that during the crisis consumers have sharply cut their spendings. In fact, consumer spendings rarely really fall, they simply grow more slowly, not at the pace of inflation.
Cut the correct costs. To the right are the administrative costs and even reduction of volumes of manufacture. It is impossible to start saving on quality of a product or its promotion.
Reduce of advertising costs inevitably will reduce your income. This is the easiest and fastest way to cut costs, but the reckoning is inevitable. Studies have shown that firms that reduce advertising costs during a recession typically experience 20-30% decline in sales and earnings over the next two years.
Reduce of advertising costs inflicts long-term harm. By results of researches, advertising has a lasting effect on sales: it becomes obvious in up to five years after the campaign. Cutting advertising budgets is hurting business for the long term. PIMS analysis shows that companies that shorten the ads need much more time to exit the crisis than all the rest (when the economic situation begins to improve).
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