World Class Manufacturing and Distribution – Wrap Technologies – Group50

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Every business owner wonders what more their company can do in marketing and sales. This is the reason why they have sales meetings, create action plans and track what the competition is doing. There is always an opportunity to improve, to move forward, to get more customers and to grow sales. In today’s environment, companies are faced with a perfect opportunity to take market share and improve market effectiveness. When (more…)

The global economy is re-opening and the decisions you make in the next 90 days will define the future of your business. Studies have shown that companies who are innovative and transformative during a recession outperform their peers.  In a previous blog – Managing Your Way Through 2020, we offered a playbook for re-opening your business and a three phase strategy to support it.  Most businesses are (more…)

By many accounts, the 2020 COVID-19 pandemic has peaked and is slowing down. And while there is still some time before stay-at-home orders are lifted and non-essential businesses are allowed to reopen nationwide, there is an end in sight. It has been a very difficult time for businesses and individuals; the repercussions of the event will (more…)

In managing your way through 2020 it is imperative that you and your leadership team carefully plan the balance of the year. In this video presentation by Jim Gitney, the CEO of Group50 Consulting, who has been through 7 economic cycles during his career talks about a 3-phase approach to the balance of 2020.  (more…)

Every business owner is challenged with Re-Opening their business as the COVID-19 pandemic restrictions are slowly lifted. There are myriad things to consider and inputs on how to do it from the federal government, states and localities.  Each have a different approach and set of recommendations. Trying to find relevant guidance can be a daunting (more…)

We have been fortunate in that none of our family or close associates and friends that we know have gotten sick from COVID-19. As we sit at home attempting to construct some level of normalcy, I struggle with the magnificent failure of a system that is incapable of meeting the needs of its citizens. A system that has prioritized economics over public health. While the government, in record time, is pumping trillions of dollars into the economy to stop financial Armageddon, it has failed to put (more…)

In the next few weeks, companies with under 500 employees will start receiving payments from the Paycheck Protection Act and all companies will continue to make important decisions on how to structure themselves to deal with the current downturn and prepare themselves for the future (Here is one view of the future (more…)

Group50 sponsored this webinar which focuses on Recession Planning and Fine Tuning a company’s business plan in turbulent times. Subject matter experts in Finance, Leadership and Operations discussed best practices and the Do’s and Don’ts they learned during their corporate and consulting careers and multiple economic cycles with hundreds of companies ranging from start-ups to Fortune 100 companies such as GE, Black & Decker, Deloitte, Underwriters Laboratories and (more…)

We are in a global recession according to global experts in a recent Forbes article. Don’t let this be your Kobayashi Maru – No Win Scenario. Every dollar not spent by consumers reduces downstream spending by 43% according to the current velocity of money statistics. No matter what business you are in, you are being impacted by this atypical recession, one that will likely rival the tech bubble of 2001 and the financial collapse of 2008. If you don’t agree, no need to read further, but can you really take that risk? (more…)