Sunday, 18 January 2009
Economic Crisis 2009:Mapping decline and recovery in your sector
Different sectors enter and emerge from downturns at dufferent times. A look at past recessions suggests how some industries may fare. A recent January 2009 analysis by McKinsey provides useful insights to business leaders on how to cope with the current economic crisis.
The report suggests that in an ideal world, every company would enter a recession lead by a team of grizzled executives who could draw on their experiences of past downturns to guide it through the current one.Many companies don't , however, and even those that do so, it can be difficult to rise above the crisis to ponder the lessons of history.