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Survive or thrive? Growing profits in Scotland during the recession

Martin Darroch reveals how his Scottish commercial law firm increased profits by 70 per cent since the global economic crisis began

27 January 2014

Key takeaway points:

  1. Firm strategy should be referenced and aligned to all parts and decisions of the business. It should not just be dusted down in difficult times.

  2. Communicate your strategy and decisions in an honest and authentic way. People want to understand and be part of what is happening, regardless of whether it is positive or negative.

  3. Be the best you can in your chosen sectors and disciplines; do not just follow the crowd.

  4. Watch and learn from the world around you for methods of enhancing your business.

 

In his 2008 book The Future of Management, Gary Hamel wrote: “Sometime over the next decade,
your company will be challenged in a
way for which it has no precedent”.

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