Refocus on Value
The financial crisis has caused sustainable levels of growth and profitability to decline across all industries, and competitive positions have been materially altered. Many businesses that created value when overall market growth and profitability were high no longer do.
As a result, value has become increasingly concentrated among a smaller number of advantaged businesses and business segments, creating a need for CEOs and their management teams to rethink their strategic direction, portfolio focus, and resource allocation.
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