Many businesses will not have traded through a recession before, so it will be interesting to see how they respond in terms of cost control. My recollection of the last recession was that two of the significant cost categories to bear the brunt of cuts were advertising and staff training. However, an interesting article in the Sunday Times today suggests that better investment in training might be a key part of a strategy to survive the impending downturn…
http://www.tutor2u.net/blog/index.php/business-studies/comments/is-training-the-key-to-survival-in-a-downturn/#extended
