Published by:
Harvard Business Publishing
Length: 5 pages
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Abstract
Bankruptcies, foreclosures, the credit crisis, and the USD700 billion federal bailout. As the world economy reels, no one can be sure exactly when we'll reach recovery. But the experts Harvard Management Update consulted say there's far less uncertainty about what companies should do - or more precisely, what they should not do - in unstable times. We've distilled their thinking into five missteps to avoid - for example, delaying decisions that will improve the long-term health of your company, or trying to bulletproof it by moving into recession-resistant businesses. For each potential misstep, we offer advice to help you position your company for healthier gains in the years ahead.
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Abstract
Bankruptcies, foreclosures, the credit crisis, and the USD700 billion federal bailout. As the world economy reels, no one can be sure exactly when we'll reach recovery. But the experts Harvard Management Update consulted say there's far less uncertainty about what companies should do - or more precisely, what they should not do - in unstable times. We've distilled their thinking into five missteps to avoid - for example, delaying decisions that will improve the long-term health of your company, or trying to bulletproof it by moving into recession-resistant businesses. For each potential misstep, we offer advice to help you position your company for healthier gains in the years ahead.