by: Geoff Colvin
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Binding: HardcoverDewey Decimal Number: 658.4012
EAN: 9781591842965
ISBN: 1591842964
Label: Portfolio Hardcover
Manufacturer: Portfolio Hardcover
Number Of Items: 1
Number Of Pages: 192
Publication Date: June 25, 2009
Publisher: Portfolio Hardcover
Studio: Portfolio Hardcover
Features:
- ISBN13: 9781591842965
- Condition: New
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Editorial Review:
Product Description:
Some businesses - and some people - will emerge from this downturn stronger and more dominant than when it started. Others will weaken and fade. It all depends on critical choices they make right now.
Geoff Colvin, one of America's most respected business journalists, says even the scariest recession has an upside. The best managers know conventional thinking won't help them win in these tough times. They're taking smart, practical steps that will not only keep them strong, but will also distance them from the pack for years to come.
The dozens of top-performing leaders Colvin interviewed reject the common view that slashing costs and firing employees are all that matter. They see the recession as a rich opportunity to reinvent their organizations and lay the groundwork for future growth.
Colvin's ten solidly grounded strategies will increase your company's competitiveness and build its long-term value. A sample:
* Reset priorities. Easy to say, harder to do. Pursuing the lofty goals set in good times can be disastrous now.
* Reevaluate people and steal some good ones. Mass layoffs are a tempting way to cut costs, but great companies often find smarter alternatives. And if your competitors are dumb enough to fire their best people, grab them.
* Keep investing in the core. Trim the fat from your budgets but not the muscle. The best companies actually increase some spending in a recession, funding the areas that make them unique and valuable.
* Don't rush to cut prices. Many companies assume they must - yet the long-term damage often outweighs the short-term boost.
Colvin shows how these strategies really work, using examples of major companies that have applied them with inspiring results.
Average Rating: 
Rating:
- Common sense, a contrarian and a touch of ERMGreat to see someone take both a contrarian view and be willing to go on record for it and to apply common sense to the results that quantitative models and their owners projected. Hunkering down is easier to do than to do the extra work, strategy, and risk management needed to thrive over the next few years.
Gary W Patterson the FiscalDoctor
Author of Stick Out Your Balance Sheet and Cough: Best Practices for Long-Term Business Health
Rating:
- Well positioned between policy, business and politicsThe Upside of the Downturn by Jeff Colvin provides a business view of the current economic crisis and raises questions executives should be asking about their company, customers and themselves. This is one of set of books that have been coming out since Ram Charan's Leadership in an era of economic uncertainty debuted last year. The other notable book on this topic is Jim Collin's How the Mighty Fall and Paul Krugman's The Return of Depression Economics and the Crisis of 2008.
The ... Read More
Rating:
- A must for all CEO'sThis book was insightful and provided much needed perspective for these turbulent (and opportunistic) times. This is an easy, must read for all C-Suite Execs
Rating:
- A brilliant analysis of "why this historic downturn is so rich with possibilities"Although in dispute whether or not (as some insist) the Chinese character for the word "crisis" has two meanings, peril and opportunity, the juxtaposition of the two helps to explain Geoff Colvin's response to a question many business leaders now ask: "How can my company survive and then prevail during the current recession, and eventually thrive in its aftermath?" What he recommends are ten management principles (none of which is a head-snapping revelation) that can guide and inform efforts ... Read More
Rating:
- Drawing the right lessonsMy mom told me that "all experiences in life are good ones, but only if you draw the right lessons from them. Otherwise, it is just something that happened to you." My mom and Colvin would have gotten along. In 171 pages, he sets out how to draw the right lessons and what to do now. Here is one gem: "they'll never forget what you do now." Think about employees, clients, vendors and your intereactions with them. How are you treating them in these dark days? If badly("hey employee you have no where ... Read More
