How Engineered Products Companies Prepare for the Downturn
By Editorial Staff Created:
Roland Berger offers five strategies for ensuring flexibility and successful cycle management
Check your susceptibility to industry cycles — this is a strategic task.
Monitor external and internal indicators and keep an eye on what the competition is up to — this should form the basis for your early warning system and scenario planning.
Take appropriate action on costs and sales in order to strengthen your core competences and competitive position.
Ensure swift implementation and targeted action against the cycle — both in mergers and acquisitions and elsewhere.
