Crisis Can Spark Transformation and Renewal
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Recommendation
Lessons learned from companies that performed well after the 2008 economic downturn offer leaders valuable guidance in the face of the COVID-19 pandemic. The top post-2008 performers followed five essential steps. According to Boston Consulting Group senior partners Lars Fæste and Ramón Baeza, and the firm’s Christoph Lay and Christoph Meuter, these companies acted preemptively; kept invigorating their business; held to their key goals; had risk mitigation in place; and “streamlined” operations by leveraging technology. Embrace the authors’ discoveries to position your firm for continued good health.
Summary
About the Authors
Lars Fæste, in Hong Kong, and Ramón Baeza, in Madrid, are Boston Consulting Group managing directors and senior partners. Christoph Lay is a Global Business Director in Düsseldorf, where Christoph Meuter is a Senior Knowledge Analyst.
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