The Upside of the Downturn: Management Strategies for Difficult Times

Geoff Colvin, one of America's most respected business jour-nalists, says even the scariest turbulence has an upside. The best managers know that conventional thinking won't help them in tough times. They're taking smart, practical steps-frequently unconventional and even counterintuitive-that will not only keep them strong, but will also distance them from the pack for years to come.

The dozens of top-performing leaders Colvin interviewed reject the common view that slashing costs and firing employees are the only effective tactics. They see volatility as a rich opportunity to reinvent their organizations and lay the ground-work for future growth.

Colvin shows us how these strategies really work, using exam-ples of major companies that have successfully applied them.