Economic Downturn

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The Management Lessons of Las Vegas

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In uncertain economic times, when even the acknowledged experts don’t know what’s coming next, it’s important to think twice about what everyone else takes for granted. That’s one of the reasons the book Learning from Las Vegas might resonate with managers.

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The Kind of Innovation to Pursue Now

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Innovation strategy expert Vijay Govindarajan thinks that businesses should be careful not to abandon innovation in their quest for efficiency and cost control during a recession — but they may need to reduce their focus on risky breakthrough innovation plans.

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Innovating during a downturn

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In the last 12 months, “innovation has become more important, not less,” according to innovation expert Vijay Govindarajan.

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Image courtesy of Flickr user Sharon Drummond.

Nature’s Rules

"Any one of us — and any one of our organizations — could be forgiven for behaving at the moment like a bear confronting winter," writes Martin Reeves. And he doesn't mean “bearishly,” like investors. "No, I mean behaving literally like a bear — which is to say, shutting down the system. Hibernating. Certainly feels like the wise course just now."

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Learning from emerging markets

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Looking for new strategies for doing business in the recession? Consider strategies employed by companies from emerging markets — where economic volatility and constraints on consumer disposable income are commonplace.

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