5 Points on Tackling Today's Economy

Tom Peters knows a little about business. He spoke Tuesday at the Fortune Magazine Growth Summit with many remarks about today's economy. His main points:

1. Across the board spending cuts are stupid.
2. This is not the time to cut training or advertising.
3. This is the time to invest in your people.
4. This is the time for internal excellence.
   
5. Cut capital expenses by 20% and put that money into people.

In manufacturing, we always made our greatest improvements in productivity when times were tough. We had to. Out with old ideas that didn't work anymore. In with bold, new ones that held promise.

This economy is a golden opportunity to improve your knowledge transfer efforts. Don't waste it!!