The Upside of the Downturn: Ten Management Strategies to Prevail in the Recession and Thrive in the Aftermath
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What We're Saying
The strategy + business annual books list is always one of the finest and most anticipated of the year. They get really smart and talented people who know how to pick 'em, and have them write (always highly intelligent and insightful) essays on their category—and, of course, the books in it. I've listed the picks below, but it really is worth heading over to strategy + business for the essays. READ FULL DESCRIPTION
The 800-CEO-READ Business Book of the Year Too Big to Fail: The Inside Story of How Wall Street and Washington Fought to Save the Financial System—And Themselves by Andrew Ross Sorkin, Viking Books, 624 pages, $32. 95 Even though Too Big to Fail was written during the same year the financial collapse occurred, Andrew Ross Sorkin has written what we predict will be the definitive book on the subject. Sorkin not only tells a gripping “perfect storm” story—reporting the gory details as our 401k’s disappeared and our financial system became nationalized—but he humanizes the players as well, resulting in an imminently readable, albeit lengthy, book. READ FULL DESCRIPTION
What is our core business? How is this recession changing our customers and their behaviors? Will this recession hasten—or even cause—a large-scale restructuring of our industry, and if so how will it affect us? READ FULL DESCRIPTION
After an always busy year-end of hosting our Author Pow-Wow, reading and judging books for our 800-CEO-READ Business Book Awards, producing our annual review of business books, planning our Book Awards Party in New York City, trying to keep up with our more mundane and unsung daily tasks, and working on our secret, obviously unannounced plans of world-domination, we're beginning to see the light here in the New Year. One big recent step was sending our annual review off to the printers*, and in a tradition I started last year to wrap up the project, I'd like to share with you here some of what we have written in previous issues. (I've also put links to previous entries in this series at the end of this post. READ FULL DESCRIPTION
Some businesses and some people will emerge from today s economic tumult 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 jour-nalists, says even the scariest turbulence has an upside. The best managers know that conventional thinking won t help them in tough times. They re taking smart, practical steps frequently unconventional and even counterintuitive 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 the only effective tactics. They see volatility as a rich opportunity to reinvent their organizations and lay the ground-work for future growth.
Colvin shows us how these strategies really work, using exam-ples of major companies that have successfully applied them."