Jacques Bughin is a director in McKinsey’s Brussels office, Angela Hung Byers is a consultant in McKinsey’s Seattle office, and Michael Chui is a consultant in McKinsey’s San Francisco office.
Amidst the pain of an economic downturn, comes an overlooked competitive opportunity for companies: during recessions, only major innovations pass the test of success. These are the kinds of innovations that can sweep away older business models, creating a foundation for major growth that will endure long after the downturn has passed and a New Normal has taken hold .
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08 Mar 2010 · 11:37:21 AM GMT
What about returning to the gold standard, since that is the only thing that has kept us from going into debt? I think it’s a good idea, if you ask me. It’s time to actually start thinking, because you guys haven’t been thinking, fo...—Giovanni
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07 Mar 2010 · 05:26:18 AM GMT
@Nicolas: You make a fair argument stating that the SDR is not to replace the U.S. dollar as a vehicle currency. Instead it should remain in the realm of official institutions (read Central Banks, IMF, etc. But, I doubt that the Central Banks ar...—Walter
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06 Mar 2010 · 02:18:04 PM GMT
Why would people move to the cities when they have everything they need in the suburbs?—oscar