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- Time to rethink offshoring?
- Changing economic conditions may have undermined some of the benefits of offshoring. For managers of global supply chains, this could be the time to reevaluate. The production of high-tech goods has moved steadily from the United States to Asia over the last decade. The reasons...
- Articles 2008-10-23
- 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...
- Articles 2009-01-12
- Rethinking High-Tech Distribution
- Distributors may hold the key to high-tech sales growth in many markets. Companies that make computing, telecom, and networking equipment have in recent years improved their ability to sell directly to customers or to resellers, either online or through their own sales forces. Accordingly, they...
- 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....
- 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...
- 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...
- Articles 2009-01-12
- Industry Trends in the Downturn: A Snapshot
- In times of great uncertainty, an understanding of long-term industry trends can help executives plot robust strategies. This roundup highlights structural issues likely to influence the future performance of four industries: steel, technology, chemicals, and consumer goods. Steel As credit markets capsized...
- Articles 2009-01-12
- 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...
- Articles 2009-01-12
- 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...
- 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...
- Articles 2009-01-12
- Creative Destruction and the Financial Crisis: An Interview with Richard Foster
- A coauthor of Creative Destruction explains how the business world—and the capitalist system—will change in the aftermath of the financial crisis. Richard Foster, a McKinsey director from 1982 to 2004, is a coauthor of Creative Destruction: Why Companies That Are Built to Last Underperform the...
- Articles 2009-01-12
- Building Better Links in High-Tech Supply Chains
- As high-tech supply chains increase in complexity, they become harder to manage. Collaboration between OEMs, suppliers, and retailers is the answer. The supply chains of high-tech companies are globe-spanning marvels. Over the past 20 years, looking for ready sources of components, lower-priced labor, and talented...
- Articles 2009-01-12
- Banking on Carbon Assets
- A new regulatory environment for greenhouse gas emissions could hold good news for banks. For the foreseeable future, the global financial-services sector will be wrestling with the grim realities of credit losses, deleveraging, and challenges to traditional business models. With dramatic industry restructuring already underway...
- Articles 2009-01-12
- Asia's Future and the Financial Crisis
- The region has been hit hard but can help the world recover. Meanwhile, the global crisis is likely to spur further integration among Asian markets. The collapse of Lehman Brothers triggered a global credit shock that struck with surprising force in Asia. Before Lehman's failure,...
- 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,...
- 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...
- 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...
- Articles 2009-01-12
- Leadership and innovation
- McKinsey research reveals a wide gap between the aspirations of executives to innovate and their ability to execute. Organizational structures and processes are not the solution. Like short skirts, innovation has traditionally swung into and out of fashion: popular in good times...
- Articles 2008-10-23
- How chief strategy officers think about their role: A roundtable
- Chief strategy officers from several high-profile companies discuss the complexities and challenges of the role. As companies struggle to meet the challenges of today's complex business environment by developing short- and long-term strategic visions, the role of chief strategy officer CSO has become increasingly prominent....
- Articles 2008-10-23
- Centered leadership: How talented women thrive
- A new approach to leadership can help women become more self-confident and effective business leaders. Women start careers in business and other professions with the same level of intelligence, education, and commitment as men. Yet comparatively few reach the top echelons. This...
- Articles 2008-10-23
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