Resources

30 Resources for

functions

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BNET Resources

Growth and Stability in China: A Q&A with UBS's Chief Asia Economist
Will the country's economic fortunes fade as growth elsewhere declines? Jonathan Anderson doesn't think so. Even before the financial crisis descended on Wall Street in mid-September, the persistent slowdown of Western economies had observers in developed markets increasingly worried that the malaise would inevitably...
Tags: Bank, China, Financial, Equity, Economy, UBS AG, Quarterly, Grain Price, Investment, Financial Services, Financial Accounting, Finance, Functions, Corporate Finance, Capital Management, Carl Harris
Articles 2008-12-12
Freeing Up Cash from Operations
As the economy slows, companies should avoid the impulse to batten down their operations indiscriminately. Taking short-term steps and a balanced view of operations can keep cash flows healthy. In 1999, a major North American company with 80 regionally oriented divisions launched an effort to...
Tags: Recession, Sales Strategy, Sales Force Management, Sales, Functions, Operations, Performance, McKinsey
Articles 2009-01-12
Innovation Lessons from the 1930s
History suggests that even the deepest downturns can create huge opportunities for companies with money and ideas. Recent turmoil in global financial markets and its spillover into the real economy have generated considerable interest in the Great Depression. There's much to be fascinated with, both...
Tags: Innovation, Gross Domestic Product, Patent Application, R&D, DuPont Co., Research & Development, Investment, Business Operations, Finance, Functions, Strategy, McKinsey
Articles 2009-01-12
Maintaining the Customer Experience
Stinting on customer service is a common and sometimes costly response to tough economic times. By managing the customer experience more rigorously, companies can maintain quality while still saving money. The challenging economy is putting consumer companies such as airlines, banks, and retailers in the...
Tags: Customer, Customer Experience, Service Level, Call Centers, It Operations, Functions, Marketing, Branding, McKinsey
Articles 2009-01-12
Managing IT Spending
Many IT organizations will reduce their spending in 2009. A strong management focus can mitigate the pain—and create opportunities. With growth slowing and valuations declining, businesses badly need to extract value from their IT functions. The operative questions are, "How much?" and "How?" As CIOs...
Tags: Information Technology, IT-spending, Strategy, Management, Functions, McKinsey
Articles 2009-01-12
Managing Regulation in a New Era
As concern over global problems mounts, executives and regulators have everything to gain from building relationships based on trust, and developing solutions that benefit a wide range of stakeholders. The 2008 financial crisis may come to be seen as the demarcation between two regulatory eras....
Tags: Regulator, Financial, Regulations, Government, Functions, Strategy, Strategic Thinking, McKinsey
Articles 2009-01-12
Strategy in a ‘Structural Break'
During hard times, a structural break in the economy is an opportunity in disguise. To survive—and, eventually, to flourish—companies must learn to exploit it. There is nothing like a crisis to clarify the mind. In suddenly volatile and different times, you must have...
Tags: Break, Capital Structures, Economy, Finance, Financial-services Industry, Functions, Management, McKinsey, Mortgages, Strategic Thinking, Strategy
Articles 2009-01-12
Taking Improbable Events Seriously: An Interview with the Author of ‘The Black Swan'
The author of The Black Swan explains why the rarity and unpredictability of certain events does not make them unimportant. The scholar, trader, and author Nassim Nicholas Taleb brings a decidedly contrarian view to the world of finance, statistics, and risk. In 2007, he published...
Tags: Financial, Swan, Quarterly, Financial Accounting, Finance, Functions, Corporate Finance, Performance, McKinsey
Articles 2009-01-12
The Downturn's New Rules for Marketers
The old recession playbook won't work this time around. Around the world, marketing and sales executives are being asked to do more with less. It's a demand many have heard in previous hard times, and most managers muddled through then. But the nature of the...
Tags: Vehicle, Advertisement, Customer, Manufacturing, Sales Strategy, Sales Force Management, Marketing Research, Sales, Marketing, Functions, Sectors & Regions, McKinsey
Articles 2009-01-12
Upgrading Talent
A downturn can give smart companies a chance to upgrade their talent. Downturns place companies' talent strategies at risk. As deteriorating performance forces increasingly aggressive head count reductions, it's easy to lose valuable contributors inadvertently, damage morale or the company's external reputation among potential employees,...
Tags: Talent, Job, Downsizing, Cisco Systems Inc., Workforce Management, Recruitment & Selection, Human Resources, Functions, Organization, McKinsey
Articles 2009-01-12
Why the Crisis Hasn't Shaken the Cost of Capital
The cost of capital hasn't increased so far in the downturn – and didn't in past recessions. The cost of capital for companies reflects the attitudes of investors toward risk—specifically, the reward they expect for taking risks. If they become more averse to risk, companies...
Tags: Bond, Equity, Investment, Financial Services, Finance, Functions, Corporate Finance, Capital Management, McKinsey
Articles 2009-01-12
Leading Through Uncertainty
The range of possible futures confronting business is great. Companies that nurture flexibility, awareness, and resiliency are more likely to survive the crisis, and even to prosper. The future of capitalism is here, and it's not what any of us expected. With breathtaking speed, in...
Tags: Bank, Capital Market, Financial, Capital Market Crisis, Investment, Financial Services, Finance, Functions, Strategy, Strategic Thinking, McKinsey
Articles 2009-01-12
Timing Strategic Moves
Timing is key as companies weigh whether to make strategic investments now or wait for clear signs of recovery. Scenario analysis can expose the risks of moving too quickly or slowly. It may be a nice problem to have, but even companies with healthy finances...
Tags: Gross Domestic Product, Acquisition, Mergers & Acquisitions, Corporate Law, Investment, Finance, Business Operations, Functions, Corporate Finance, M&A, Richard Dobbs and Timothy M. Koller
Articles 2009-05-15
Surveying the Economic Horizon: A Conversation with Robert Shiller
The noted economist explains and explores the downturn's root causes — and possible ways forward. In this McKinsey video, economist Robert Shiller discusses four aspects of the current crisis: regulating for financial innovation, reducing trust in models, redesigning institutions, and the time line for turnaround....
Tags: Innovation, Financial, Robert Shiller, Financial Innovation, Government, Financial Accounting, Finance, Functions, Economic Studies, Productivity & Performance, Noah Buhayar
Articles 2009-05-15
Financial Crisis and Reform: Looking Back for Clues to the Future
Changes reaching far beyond the financial sector have followed every major US financial crisis that sparked an economic downturn. For the many global companies affected by the US business climate, an obvious question in the wake of the financial system's recent upheaval is the likelihood...
Tags: Financial, Recession, Financial Accounting, Finance, Functions, Strategy, Strategic Thinking, McKinsey
Articles 2009-01-12
Financial Crises, Past and Present
Past financial crises had very different effects on the real economy. Although the lessons of the past don't give much cause for optimism, they do provide hints on how companies should prepare this time around. Financial crises occur with surprising frequency — in every decade...
Tags: Gross Domestic Product, Financial, Banking, Crisis, Economy, Equity Market, Functions, Corporate Finance, Performance, McKinsey
Articles 2009-01-12
Assessing Innovation Metrics: McKinsey Global Survey Results
A recent McKinsey Global Survey shows that companies are satisfied, overall, with their use of metrics to assess innovation portfolios—though many findings suggest that they shouldn't be. The companies that get the highest returns from innovation do use metrics well; these organizations tend to assess innovation more comprehensively than the...
Tags: Innovation, McKinsey & Co., Metrics, Survey, Leadership, Strategy, Management, Functions, Carl Harris
Articles 2008-12-12
Nurturing Entrepreneurship in India's Villages
The world's great cities and the professionals who live in them are linked more tightly to one another than they are with their own rural hinterlands. Yet true prosperity starts in the countryside. It's not surprising that well-travelled professionals living in global cities, such as...
Tags: China, India, Bangalore, Nation, Government, Globalization, Vertical Industries, Foreign Direct Investment (FDI), Food & Beverage, Entrepreneurship, Strategy, Management, Enterprise Software, Software, Investment, Finance, Manufacturing, Functions, Carl Harris
Articles 2008-12-12
Using ‘Power Curves' to Assess Industry Dynamics
A new way of looking at industry structures reveals startling patterns of inequality among even the largest companies. Major crises and downturns often produce shakeouts that redefine industry structures. However, these crises do not fundamentally change an underlying structural trend: the increasing inequality in the...
Tags: Bank, Carl Harris, Financial Services, Functions, Growth, Inequality, Management, Strategy
Articles 2008-12-12
Why Baby Boomers Will Need to Work Longer
Most US baby boomers are not prepared for their retirement, and neither are the US and world economies. Boomers can help mitigate the consequences by remaining in the workforce beyond the traditional retirement age. The twilight of the US baby boom generation is approaching, and...
Tags: Retirement, Functions, Economic Studies, Country Reports, Carl Harris
Articles 2008-12-12
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