Here’s an interesting idea: Now may be an opportune time to perform repair work within your organization.

What in your organization needs fixing or rethinking? Here's an interesting idea: Now may be an opportune time to perform repair work within your organization. Writes Pankaj Ghemawat in an update to his classic MIT Sloan Management Review article "The Risk of Not  Investing in a Recession":

"Downturns are a good time to perform physical and organizational repair work that simply isn't practical when a company is running flat out trying to meet demand. "

Ghemawhat's original article, republished with new annotations by the author, is part of MIT Sloan Management Review's Downturn Manifesto special report.