What you’ll get:
Exclusive chance to hear a Harvard Business Review author in Finland
Your own copy of HBR’s 10 Must Reads on Managing in a Downturn
Practical skills to solve conflicts in your company
High-quality professional networking
What you’ll learn:
How do the most resilient companies survive- and even thrive – during a slowdown?
Predicting a recession is somewhere between incredibly difficult and impossible, but senior leaders should be thinking through how to be prepared. And managers should know how to lead a team during difficult economic times. Many economists are forecasting a downturn, if not a full-blown recession, over the next 12-24 months. We have seen one of the longest expansionary phases in recent history, leading indicators have softened in many countries, stock markets are volatile, and several risks cloud the horizon. Naturally, business leaders are considering how to best position themselves for harsher macroeconomic conditions.
If history is any guide, many companies will prepare too little, too late, and too defensively.
The next downturn will challenge many companies, but a few will emerge stronger, competitively and financially. Leaders who leverage lessons from the winners in previous downturns, as well as attending to the unique features of today’s environment will be in the best position to succeed.
Martin Reeves is a senior partner and managing director in the Boston Consulting Group’s New York office and the director of the BCG Henderson Institute. He is the coauthor of Your Strategy Needs.
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