Thriving under adversity

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Some useful tips in this article from BCG, some simple, some complex [and some over-complicated by trying to force them into a ‘evolution’ analogy]. Especially good to see its focus on exploiting opportunity, and good not  to see some of the bad or dangerous ideas I have mentioned previously.

Do take care, though – few are universally applicable, so you will need to assess how appropriate each is to your specific situation.

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More items on strategy in the crisis

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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 ...

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Update on the troubles with strategy

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Here’s my latest msg to the B School academics [remember the point of this is to get some useful strategy methods for executives and consultants]. Will let you all know what response I get.

” …

Have had many useful answers on this. There seems little dissent that:

  • we have a problem with current strategy methods not being valued by the people who are supposed to use them,
  • … which implies we have little useful theory [notably that seeking explanations for profitability is ...
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Booz & Co on strategy today

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Some sound principles in a brief Memo to the CEO. Particularly good is the focus on opportunity today’s conditions offer for sound firms.

Full article at Rethink Your Strategy: An Urgent Memo to the CEO.

Much of the advice is generic, and requires much more work than the brief headlines suggest. It also implies undoing much of the foolish activity that firms engaged in during the boom – by cutting fringe activities, shedding marginal businesses, ...

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