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Interview with Dae-whan Chang

Bonjoon Ku, principal, interviewed Dae-whan Chang, chairman and publisher of Maeil Business Newspaper Group.

Strategy

Beyond the downturn: Waking up in a new world

In a survey conducted in March 2009, Arthur D. Little spoke to senior executives around the globe about the economic downturn. The survey focuses on what the crisis means to business and how executives can prepare for the return of better times. The results are not all gloom and doom.

Strategy

"In a connected world, we must work together"

On April 3, Arthur D. Little interviewed Jürgen Hambrecht, CEO of the world’s most respected chemical company. Through its myriad business relations, BASF has unparalleled insights into the well-being and direction of the global economy.

Chemicals Strategy

Releasing working capital across the supply chain

In a credit crisis, one common way of finding cash is to reduce working capital. However, successfully reducing working capital within one company can damage other businesses in the supply chain, exacerbating an already difficult situation all round.

Strategy, Corporate finance

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

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 Strategy, Sustainability

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

How the robust and audacious thrive through business cycle...

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.

Strategy

"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?

Strategy

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.

Strategy