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What Sales Teams Should Do to Prepare for the Next Recession

Harvard Business

In the 2001 recession, total sales for the S&P 500 declined by 9% from its pre-recession peak to its trough 18 months later—almost a year after the recession officially ended. Zero-base sales capacity. Too many sales teams use outdated practices in making account and territory assignments. billion vs. $1.2

Sales 129
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Pending Home Sales Rise First Time in 9 Months, Down 7.9% From Year Ago

MishTalk

The Wall Street Journal reports Pending Home Sales Up 3.4% Facts and Figures Pending sales up 3.4% from February Pending sales down 7.9% Below 2001 Level Actual new home sales down 14.5% Facts and Figures Pending sales up 3.4% from February Pending sales down 7.9% from year ago Index 2.6%

Sales 68
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Mortgage REITs Clobbered as Leverage Forces Sales

MishTalk

Mortgage REITs Clobbered as Leverage Forces Sales. REITs Deepening Bond Losses as Leverage Forces Sales. Bloomberg reports REITs Deepening Bond Losses as Leverage Forces Sales. financial stability were as misleading as the media frenzy over shark attacks in 2001. (NLY)’s Trim Tabs - Bidermans Daily Edge.

Sales 69
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The Art of the Elevator Pitch

Harvard Business

If there is no logline, more often than not, there is no sale. In 2001 it was that the original iPod allowed you to carry “1,000 songs in your pocket.” Hollywood screenwriters typically get three to five minutes to propose an idea, but it takes only around 45 seconds for producers to know if they want to invest.

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Dispirited Buyers: Pending Home Sales Unexpectedly Dive 2.5 Percent

MishTalk

The Pending Home Sales Index declined 2.5% Despite the fact that mortgage rates have been climbing for months, the economists’ consensus expectation was for pending home sales to rise 0.5%. Mortgage News Daily reports Pending Home Sales Reflect “Dispirited” Buyers. Pending sales in the Northeast were up 0.6

Sales 39
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Mistaking the Wood for the Trees

Tom Spencer

Many business professors and executives will tell you that business is all about increasing sales, reducing costs, and creating future growth. In 2001, Borders Group outsourced its online store to Amazon because its own fledgling online efforts were seen as a distraction from its core bricks-and-mortar retail business.

Retail 76
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What GE’s Board Could Have Done Differently

Harvard Business

During Jeff Immelt’s tenure as CEO of General Electric, from 2001 until 2017, the company’s stock price fell by over 30%, a decline of roughly $150 billion in shareholder value. When Jack Welch stepped down as CEO in 2001, GE’s defined benefit (DB) plan was sitting on a surplus of $14.6