Current economic conditions have impacted the way businesses think about doing business, according to a recent article and survey found in The McKinsey Quarterly.
The article, Strategic planning: Three tips for 2009,” warns businesses against abandoning strategic planning for survival mode, because eventually the crisis will end.
Focusing solely on the recession is a mistake for two reasons, according to the piece:
First, market trends are already established, and managers and executives should continue to focus on those for long-term business planning.
Second, fixation on the economy itself creates tunnel vision that could …
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