in

Serco’s Bo Durickovic: Three tips to weather the economic storm

Serco's Bo Durickovic: Three tips to weather the economic storm - top government contractors - best government contracting event
https://executivebiz-media.s3.amazonaws.com/2022/08/19/30/9f/c3/a0/b7/6f/d4/64/Executive-Biz.png

Serco's Bo Durickovic: Three tips to weather the economic storm - top government contractors - best government contracting eventDespite the murky economic forecast, this much is clear: Good times will come again, it“™s just a matter of when “” and how bad things will get in the meantime. While the government contracting community will likely fare much better than other sectors, its fate isn’t foolproof. The trickledown effect from the larger economic climate may spell delays in procurement and increased vendor competition. So, how are you positioning your company to come out ahead? For answers, ExecutiveBiz recently turned to Bo Durickovic, Executive Vice President and Chief of Staff for Serco North America. Here Durickovic offers his thoughts on how best to weather the economic storm “” and come out swinging the day the storm breaks:

1.) Get your house in order. “Now more than ever cash is king. Anybody who is looking at their business and saying, “˜How are we going to maximize cash?“™ will be rewarded with opportunities to deploy that cash in ways that create significant advantage,“ says Durickovic. It’s also the time to reevaluate your portfolio and focus your time and attention on the parts of your business that really matter.  Lastly, companies in the industry should acknowledge that there’s no better time to think about upgrading talent. “Companies should especially focus on exceptional talent in other industries who “” now more than ever “” may be interested in new opportunities,“ he adds.

1447

ExecutiveBiz Logo

Sign Up Now! ExecutiveBiz provides you with Daily Updates and News Briefings about Executive Spotlight

mm

Written by Admin

Ten Questions for Andy Maner, NISC CEO - top government contractors - best government contracting event
Ten Questions for Andy Maner, NISC CEO
Executive Transitions: QinetiQ North America names Mike Stolarik president - top government contractors - best government contracting event
Executive Transitions: QinetiQ North America names Mike Stolarik president