Corporate thinking on weathering the current storm
Friday, September 25th, 2009 at
11:24
The McKinsey Quarterly makes note of the following, amongst others:
- “If you don’t invest in the future and don’t plan for the future, there won’t be one.” —George Buckley, chairman, president, and CEO of 3M
- Strategy must be on the board agenda of every meeting.
- If you need to cut costs then us a scalpel not an axe. The ax will make the biggest dent on costs and make you look smart for a while. But the more precise scalpel can protect a company’s future, even if there are fewer short-term gains.
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