Effective procurement negotiations in the downturn
The squeeze is on for subassembly manufacturers. Sharp declines in demand for the products of their customers has left them under heavy pressure to reduce their prices, and the only way they can do that is by ensuring lower prices from their own suppliers.
Strategy, Operations management
Restructure and reinvest in innovation
Innovation is traditionally one of the first casualties of a downturn. When companies are casting around for means to retain capital just to survive, spending on developments that may or may not pay off some time in the future is an easy target for cost-cutting.
Strategy, Technology & innovation management
Making money from green consumerism in the downturn
In the last few years, many leading companies have been vigorously marketing the green attributes of their products and services to cash in on perceived demand among consumers.
Consumer goods & retail
How the robust and audacious thrive through business cycle swings
Among many companies, the knee-jerk reaction to a downturn is to pull back. Capital spending is cut, acquisitions are scaled down and marketing expenditure is slashed in a desperate effort to survive the bad times. But smart companies apply a more controlled response to difficult conditions.
Grooming CEO talent at the truly global firm of the future
One of the main effects of globalization is that firms today are sourcing around the world to get the best value for money. Despite this, in many companies top management talent is still sourced from within national borders.
"The future is about cooperative competition"
Mr Bajaj, in the long term some people foresee the business world evolving into a bipolar one: the “West” versus the “Emerging Markets.” Would you concur with that view?
The impact of future travelers' preferences on the tourism industry
Tourism is a highly sensitive reflector of the general state of the economy, falling rapidly in response to a downturn but then bouncing back to growth more quickly than most.
Travel & transportation
Ten management priorities for today and tomorrow
Now that the dust of the global financial crisis has begun to settle, many business leaders are wondering what their next steps should be in the lingering atmosphere of uncertainty. With the heavy rounds of cost-cutting finished, “Growth now” is the new mantra.
"The customer is the determining factor"
In this exclusive interview, Harri Kerminen, president and chief executive of Kemira, provides an insight into the participatory culture of the Finnish global chemicals group and reveals his thoughts on a changing portfolio, sustainability and how to deal with a challenging economic climate.
Black Swan events - Should you be concerned?
The discovery of black swans in Western Australia was a shock for scientists. Today those unexpected birds have become a symbol for the disruption of the bell curve that is used for most forms of variation.