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Get Your Budget Ready for the Upturn

Harvard Business Review

Most budgets for 2013 were made in 2012, when the prevailing economic outlook was grim. The landscape has undergone major transformations since the global financial crisis. For example, the wealth effect from rising equity and real estate prices might make premium product segments more attractive in the coming years.

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The Big Picture of Business – Achieving the Best by Preparing for the Worst: Lessons Learned from High-Profile Crises, part 2 of 4

Strategy Driven

Rather than stick together in crisis situations and collectively investigate the problems, both Ford and Firestone distanced themselves from each. Real estate consultants are not business strategists, but the retail system gives them the say-so in establishing community presence. Firestone blamed Ford for unsafe vehicles.

Crisis 58
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Sears Has Come Back from the Brink Before

Harvard Business Review

Concerns that it wouldn’t have enough cash to finance its holiday stock has apparently led to the company to sell real estate, spin off its Lands’ End brand, and raise $625 million in unsecured loans and equity warrants. In 1922, Sears’s rural mail-order catalogue business was already facing an existential crisis.

Retail 9