McKinsey & Company and HBR discuss how you develop your game plan for thriving when the economy reverses.
The next recession has arrived, and business leaders are quickly pivoting to implement specific actionable steps to ensure true business resilience. But what exactly are they? McKinsey’s Mihir Mysore has the answers.
Based on the recent Harvard Business Review webinar
, featuring a Partner with McKinsey & Company’s Risk Practice, this executive brief discusses what the most resilient companies are expected to do in this downturn, including:
- Using digital tools and advanced analytics along with strengthening their balance sheets
- Moving quickly to reduce operational expenses
- Building more flexibility into investment planning and operations
- Maintaining loyalty among high-value customers
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