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Strategy - Strategy in Times of Economic Downturn and Recession 

 

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4 December 2006
 

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All the Right Moves Following the 1990 to 1991 recession, 33 large U.S. companies outperformed the market, according to recent research conducted by Accenture. Understanding the strategies they used in the last downturn can help businesses emerge from today's slowdown in the best possible market position.   
Bring on the Recession Many senior managers, especially in North America, have little or no experience steering their firms through a recession. So when the next recession arrives, they're likely to react instinctively and hunker down with fixed cuts across the board. If you're lucky, that's what your competitors will do. pdf file   
Building out of a Downturn Companies are now using more management techniques to rise above tough times, and many are focusing on growth tools. Pdf-file 2003  
Managing Through the Lean Years This Perspective argues that the downturn in the world economy is forcing senior executives to rethink their entire corporate-development agenda. It criticizes some dangerously dysfunctional assumptions developed during the boom years that continue to guide management behavior today. And it lays out a six-point plan for creating value in a much tougher economic environment. February 2003  
Stay Strategic In Tactical Times Creating strategy is one of top management's core functions. Even in a slow economy, executives need to focus on long-term plans, as well as immediate projects.   
Steady as you go: Managing human capital in an economic downturn While the prospect of a recession in the US is having an impact on markets globally, it’s important to remember that economies endure their inevitable downturns, and innovation, positive change and fresh opportunities often result. But the onset of financial hardship puts human-capital strategies to their ultimate test: Are people an investment to be managed or an expense to be reduced? Rather than overreacting to bad economic news, companies that stay the course in tough times and bring solid solutions to their workforce challenges will be better positioned for the long term. 2008  
Strategies and Processes for a Changing Economy    
The Tough Get Going There's nothing like a recession for sorting the sheep from the goats: smart companies treat a downturn as an opportunity for innovation   

 

 
 
     

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