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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. This article shows that the...
Strategy, Technology & innovation management

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....

"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?

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. We took a close look at the 2008 Fortune 500 list and identified companies...

The coming transformation of the automotive industry

The automotive industry is going through a crisis unprecedented in its century-long history. Optimistic commentators predict that strong demand from the BRIC countries and growing market penetration of hybrid or electrical vehicles will propel the industry back to growth in the wake of the...

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. This time, however, insiders are wondering whether the industry will return to its traditional growth path in the wake of...
Travel & transportation, Strategy

A rose in the bud? Anticipating opportunities in industrial biotechnology

Bioplastics and chemicals derived from biological raw materials are being hailed as the next big thing for the chemical industry, a development that could have a huge impact on both that industry and the many others that depend on it. This technology has its critics, but its proponents believe it...
Chemicals, Sustainability

Putting patients at the centre of a new biopharma business model

The pharmaceutical industry is suffering. Expiring patents, increasing demands from regulators and decreasing healthcare budgets are putting companies under pressure, and the industry has to walk a narrow tightrope between keeping profitability up and quickly developing attractive medications. As...
Healthcare & life sciences

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. But how can companies position...

"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.