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Today's Wall Street Journal has a noteworthy front-page article about the "bullwhip" effect, as it is starting to play out in businesses as the economy recuperates. What's the bullwhip effect? The WSJ article explains:
"This phenomenon occurs when companies significantly cut or add inventories.
Why do established corporations' new ventures often fail? The new issue of Business Insight, MIT Sloan Management Review's collaboration with The Wall Street Journal, includes an interview with Rita Gunther McGrath about problems traditional business planning processes encounter when dealing with uncertain new ventures.
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.
Mick McManus, CEO of a company called MAYA Design, offers some interesting reflections on the state of product innovation during the current downturn.
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