Upside of the Downturn: Ten Management Strategies to Prevail in the Recession and Thrive in the Aftermath

    By Geoff Colvin
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.
    ABOUT THE AUTHOR
Geoff Colvin draws on his experience as a classroom teacher and administrator, researcher at the University of Oregon and a national public school consultant. Recognized as a national expert on the subjects of school safety and violence prevention, Colvin has provided in-service training for teachers and administrators in more than 100 school districts and agencies nationally and internationally. He recently served as research associate at the University of Oregon and independent consultant in the areas of school wide discipline, school climate, school safety and violence prevention, and has also directed a juvenile detention school and a program for seriously emotionally disturbed youth. Colvin has authored more than sixty publications, books, book chapters, journal articles and video programs on the subject of teaching and managing students with problem behavior.

    REVIEW QUOTES

"Even as businesses prepare for difficult times they must keep an eye on the long term, trimming the fat but not the muscle and sometimes spending where it makes sense. Colvin has defined a new genre of management book: the bust-buster."--RICHARD DONKIN, "Financial Times"


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ISBN 9781101100820
Language English
Publish Date 06/24/2009
Publisher Portfolio

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