There are a lot of thriving companies in the state of Utah that are turning heads on a national and sometimes even global scale. While almost every company has seen challenges arise from the current economic crisis there are many of these companies which are doing quite well despite the recession.
There are many reasons why a company might do well in a failing economy and this article will talk about those Utah companies still doing well located in Utah and discuss some of the reasons for their success.
First there is NuSkin. This national company has managed to maintain high operating profits even though demand for consumer products has not been very strong in the past year. Some of the reasons for this are that NuSkin has a strong product line which is known for quality and value.
The company has managed to retain customer loyalty through the use of reputation management. It has a side organization which provides nutritional meals to starving children in third world countries. This project helps with customer retention because people are more willing to buy products from a company they feel is supporting good causes.
Another company is one in draper called GlobalSim. This company is actually owned by a Norwegian corporation called Kongsberg. This company designs and builds simulators for a wide array of purposes but mainly it builds simulators for gantry cranes used in large ports all over the world for loading and unloading cargo ships. The reason that this company has managed to do so well is because it has such a wide array of clients all over the planet.
Also, it is broadly in the business of international shipping which is a booming business right now. The simulators they sell are valuable because they provide a cost savings to those who use them. The companies who insure the crane operators are able to give premium discounts to the shipping and port companies whose operators are constantly training disaster situations on a simulator.
Omniture is a company which develops software for companies who need to track various data about the performance of a website. It has lots of software engineers which work hand in hand with companies to develop the software to provide exactly the metrics the company needs to track performance. This is in high demand because in the recession most corporations have been focusing on efficiency and getting the most bang for their buck.
Author Resource:-
NuSkin- Reputation Management (http://www.nuskin.com/) NuSkin gets great reviews from their customers about how well their skin products work.
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