ArabianBusiness.com - Middle East Business News
Friday, 27 November 2009 04:53 UAE time

YOUR DIRECTORY /

| Share |

Consulting firm offers help in crisis

by This email address is being protected from spam bots, you need Javascript enabled to view it  on Saturday, 14 February 2009

Global management firm The Boston Consulting Group (BCG) has said it was prepared for the Gulf downturn six months prior to its onset and has listed a few measures that companies should take in order to come out of it relatively unscathed.

At the firm's Collateral Damage meet, David Rhodes, global leader of the firm's financial institution, said: "We were working with our clients on this crisis almost a year ago; we knew it was coming and we prepared them for it."

Rhodes also said that he expected the market to remain down for the next couple of years.

Story continues below
advertisement

But speaking to Construction Week, Dr Sven-Olaf Vathje, head of real estate for BCG's Gulf office, suggested a few measures that companies could implement in order to protect themselves against the crisis.

He said: "The region should delay all ambitious projects that bring more capacity to the market, develop mixed-use projects which are smarter, avoid reducing marketing budgets as these were the times when gaining a bigger market share would be easier and to attract talent and improve staff skills since there is more labour available.

He also said that this would be the ideal time to make changes, for the better, to current real estate practices and processes.

BCG has been the only consulting firm to appear in Fortune Magazine's Best Companies to Work For list in the past four years and, in this year's list, has made it to third place and is the only consulting firm to appear in the top 100.

| Share |


READERS' COMMENTS

Disclaimer: The views expressed here by our readers are not necessarily shared by ArabianBusiness.com or its employees.

Click here to post a comment


Add your Comment
All posts are sent to the administrator for review and are published only after approval. ArabianBusiness.com reserves the right to remove any comment at any time for any reason. Please keep your responses appropriate and on topic.
Arabian Business would like to point out that only comments relevant to the story will be published. Any containing personal insults or inappropriate language will not be approved.
Name *
Remember me on this computer
Email *
(Your email address will not be published)
City
Country
Subject *
Comment *
Notify me of further comments


Please click post only once - your comment will not be published immediately.


MORE FROM ARABIANBUSINESS.COM

From  Current Issue

SHARE PRICE CHECK

RELATED LINKS

  1. The Boston Consulting Group»

 EMAIL ALERTS

  1. The Boston Consulting Group

  2. Construction & Industry


Tell us your story

READER COMMENTS

  1. Deal sought on Dubai World, Nakheel debts 19
    26 Nov ' 09 at 20:13
    Red Devil/Sandjocky, I have also had several posts blocked over the past couple of days, posts that speak of the facts only as they...   More  »
  2. UAE real estate market has now hit bottom - analysts 05
    26 Nov ' 09 at 21:36
    Comn' AB is a yo-yo when it comes to news.People forecasting good and then bad. Good and bad and then some more "experts" saying...   More  »
  3. Moody's cuts Dubai GRI ratings amid debt delay 02
    26 Nov ' 09 at 19:51
    Dubai World better change its slogan & reposition itself - Dubai LTD.   More  »

Read all user comments >

Gitex 2009

MORE FROM ARABIANBUSINESS.COM