Amongst the continuing stream of articles on this, some good ones [I’ve left out some bad or downright dangerous ones] include:
Seven Ways Forward from Booz & Co’s strategy+business on, with specifics for Manufacturing, Consumer Products, Aerospace and Defense, Telecom, Finance, and general guidance on rebuilding capabilities for long-term growth.
Surviving the Downturn: Lessons from Emerging Markets from Sloan Mgmt Review [title self-explanatory]
Three Opportunities to Seize in the Downturn a blog post from Harvard Business Publishing [HBP] makes the case for two points I’ve raised before [a] that there’s cheap talent on the market right now, and [b] there are cheap opportunities to acquire key assets or entire businesses … which leads to the 3rd point, that there will be new winners and losers out of all this.
How Recessions Shake Up Industries in the Daily Stat from HBP [their link takes you to a different article] reports studies from McKinsey and BCG on how industry leaders fall and new leaders emerge in downturns – a reminder for your strategy to be intentional and targeted about challenging specific existing and new rivals, not just trying in some vague way to do better than others [a shortpiece on this at the end of chapter 5 in my book].
Timing Strategic Moves in the McKinsey Quarterly explains how scenario approaches can help avoid moving too soon or too late in these uncertain times. It’s rather focused on macro-economic and stock-market indicators, rather than [I’d prefer a more assertive stance be taken – choosing what to do and when in order to make the future play out as you want, rather than the passive response implied if not actually stated in this.]
Strategic Planning: Three Tips for 2009 from McKinsey Quarterly explains the value of scenario-based planning, the need to intensify monitoring to detect how the recovery is changing things, and the need I have emphasised to look beyond the crisis. [Shame most firms were not doing enough monitoring before the recession!]
Also some good content in Taking Advantage of Tumultuous Times from Monitor.Share