Many companies are cutting costs right now, but adding more tech to your operations can help your bottom line.
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The Organization for Economic Cooperation and Development (OECD) has forecasted that global growth will contract by 6 percent to 7.6 percent in 2020, and it could take years to return to pre-crisis growth levels. Many businesses have instituted blanket spending moratoriums, frozen hiring and deemed most new purchases non-essential. However, some business leaders understand that opportunities exist to optimize business efficiency, capture more market share, and cost-effectively invest in critical infrastructure. HBR suggests playing offense and defense by first stabilizing your business and ensuring liquidity, and then determining how to outmaneuver your competition.
The current business environment has caused