Excerpt from "The Next Crisis: Coming in 2011"
- HBP:
You advise CEOs every day. Assuming you are CEO of a company today, what do you do?
I'd be extraordinarily focused on investments outside of this country. To the extent you have a global footprint, if you are not overinvesting in Asia and the developing countries, you are out of your mind because that's the source of growth. I would also do everything I could within the Western countries to gain share in the next six quarters, whether through acquisitions, prices, or whatever it takes to get you in an extraordinarily strong market position. If you're not there, or don't think you can get there, then I would get out of those businesses.
-- Bill Achtmeyer, Chairman and Managing Partner of the Parthenon Group, gives some great insight in his interview for this article. If you in any kind of business, READ THIS ARTICLE. It makes a lot of sense.
- Article:
http://blogs.harvardbusiness.org/tjan/2009/09/the-next-crisis-coming-in-2011.html (sorry it's not a link.)
