We love to hear about the fantastic stories of growth when firms create and capture huge new opportunities, but strategy is just as important in declining sectors. Anyone out there fancy heading up Kodak’s camera-film business or Blockbuster’s video-rental stores? Finding new growth opportunities is critical, of course [e.g. print-production from digital images] but the imperative to squeeze value out of declining sectors can often contribute considerable value [Fuji, for example, suffered far less in the falling camera-film market than Kodak – a ...