Move from laggard to leader in the downturn
It’s a year old, but very relevant: a study by Bain & Company found that twice as many companies made the leap from laggards to leaders during the last recession as during surrounding periods of economic calm. In recessions, there’s a greater likelihood that:
- laggards & leaders swap places
- gains & losses show up early
- gains or losses made in a recession tend to endure
Is your team taking this time to strategize and plan so that you can leap forward as the economy begins to improve?
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