Enough with the GFC already…

Despite the emerging optimism and need to carry on “business as usual”, the global economic crisis has put some serious pressure on product development programs globally.

Whilst we may be through the worst of the downturn, the business and economic communities are treading carefully and avoiding making any substantial claims of economic recovery. Budgets are being carefully guarded, and money spent cautiously. Projects that may have been a “sure thing” in terms of budget and strategic approvals may now be “discretionary” or just simply put on the back-burner altogether.

This is a good thing. It is fundamentally sound business practice to carefully evaluate and prioritise your product development projects, and only pursue those which add value, growth and sustainability to your business, society and the environment.

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