Downturns provide opportunities as well as challenges, assuming of course you are going into the dip in reasonable shape. I see a few good tips from McKinsey, specifically on acquisition and pricing plus some particular advice for retailers.

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?