Welcome to the SloanSelect Managing in Tough Times Collection from MIT Sloan Management Review

When economic news is bleak, turn to a compilation of MIT Sloan Management Review's best articles on surviving and thriving when times get tough. To read a longer summary, click on each article's title.

Purchase the entire SloanSelect Collection at a discounted price, or choose individual articles.

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Managing in Tough Times Collection Contents

An in-depth case study of Millstone Nuclear Power Station in Connecticut offers practical lessons for managers who may find themselves trying to implement change in a high-pressure environment: "Driving Organizational Change in the Midst of Crisis" Read more

In different parts of the world there are fundamental differences in approaches to bankruptcy and attitudes about financial recovery. In "When Crisis Crosses Borders" the author offers strategies that could help establish common ground between the European and U.S. systems. Read more

The cooperation and trust that develop in a supplier network can promote flexible and coordinated responses to crises. The story of "The Toyota Group and the Aisin Fire" shows how Toyota's fostering of teamwork and cooperation among suppliers enabled those suppliers to self-organize and deal autonomously with a crisis. Read more

Balancing financial and competitive risks becomes most difficult at the bottom of the business cycle. A primer on "The Risk of Not Investing in a Recession." Read more

Strategic, tactical and functional decisions are better informed by intelligent speculations about the business cycle. The "Principles of the Master Cyclist" include: drawing upon forecasting models, closely following leading economic indicators and managing the business cycle proactively. Followers of the principles are more likely to emerge from tough economic times intact. Read more

In times of trouble, continual exploration and adaptation is becoming the preferred—perhaps only—strategy over contraction and 'battening down the hatches.' The author of "Survival Under Stress" maintains that companies that choose to "hold their breath" may be benefiting economic evolution but at the expense of their own survival. Read more

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