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What Sets Today’s Winning Companies Apart: IBM study


Jun 13

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Business as usual just doesn’t work when cracks have opened in the foundations of the economy. To help figure out how winners are succeeding and seizing opportunities in this challenging time, IBM recently undertook a study to determine what distinguishes outperforming companies right now. We identified 61 companies in diverse sectors as early winners, based on 2008 data, and we studied the strategies that were enabling them to thrive.

Our findings, supported by our experiences with our clients, revealed the following three main characteristics common to these winners.

  • They focus on value without sacrificing long-term goals, which means they always evaluate cost reductions in a strategic context and with a clear focus on their core.
  • They exploit opportunities unique to the downturn, which can mean anything from using adversity to gain new customers to pressing forward with innovation.
  • They act quickly, with an agility that lets them keep pace with, or move ahead of, rapid changes in the business environment.

Read more at Forbes

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IBM to lay off 5,000 in US, outsource to India


Mar 31

Posted: under Outsourcing, Software outsourcing.
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US computer firm IBM plans to lay off 5,000 workers in its service area in the US, and outsource the majority of them to India, the US business daily Wall Street Journal reported Thursday, citing an insider.

At year’s end IBM employed around 400,000 people worldwide, with the Wall Street Journal reporting that the company had laid off around 4,600 workers in areas of software, sales and semiconductors at the start of the 2009.

The job slashes come amid further efforts by IBM to cut costs in a company which otherwise has so far managed to buck the economic crisis and shows strong profits. At the end of 2008 the company reported an unexpected rise in earnings and for 2009 it projected record results.

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