Recession-proofing your organization

MIT Sloan Management Review

Volumn 50, Issue 3, 2009, Pages 45-51

  Navarro, Peter ^a  

^a UNIVERSITY OF CALIFORNIA   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 77955324072     PISSN: 15329194     EISSN: None     Source Type: Journal    
DOI: None     Document Type: Article

References (21)

1. Representative studies inciude A. Estreila and FS. Mishkin, "Predicting U.S. Recessions: FinancialVariabies as Leading Indicators," Review of Economics and Statistics 80, no.1 (February 1998): 45-61;
2. C.R. Harvey, "Forecasts of Economic Growth from the Bond and Stock Markets," Financial Analysts Journal (September-October, 1389): 38-45;
3. R.D. Laurent, "An Interest Rate-Based Indicator of Monetary Policy," Economic Perspectives 12 (January 1988): 3-14;
4. and M. Chauvetand J. Piger, "Identifying Business Cycle Turning Points in Real Time," Review 85, no. 2 (March-April 2003): 47-61.
5. P Navarro, "Principles of the Master Cyclist," MIT Sloan Management Review 45, no.2 (winter 2004): 20-24.
6. For sample studies, see Note 1 above.
7. Navarro, "Principles," 22.
8. J.G. March and H.A. Simon, "Organizations" (New York: Wiley & Sons, 1358).
9. Navarro, "Principles," 22.
10. Representative studies include J. Kypriotakis, "Marketing in Tough Times," 2002, www.lysisintl.com ;
11. and R.G. Picard," Effects of Recessions on Advertising Expenditures: An Exploratory Study of Economic Downturns in Nine Developed Nations," Journal of Media Economics 14, no.1 (2001): 1-14.
12. Details may be found in P Navarro, "The Weil-Timed Strategy: Managing the Business Cycle for Competitive Advantage" (Upper Saddle River, New Jersey: Wharton School Publishing, 2006), 102-104.
13. R.F Harrod, "Imperfect Competition and the Trade Cycle," Review of Economic Statistics 18, no.2 (May 1936): 84-88.
14. Navarro, "Principles," 23.
15. See Navarro, "Well-Timed Strategy," 28-30.
16. A. Chandler, "Strategy and Structure: Chapters in the History of the Industrial Enterprise" (Cambridge: MIT Press, 1969).
17. See R Bromiley, R Navarro and R Sottile, "Strategic Business Cycle Management and Organizational Performance: A Great Unexplored Research Stream," Strategic Organization 6, no.2 (May 2008): 207-219.
18. Such compartmentalized behavior appears to fit the pattern of localized learning described in R.M. Cyertand J.G. March, "A Behavioral Theory of the Firm" (Engle-wood Cliffs, New Jersey: Prentice Hall, 1963). In "local neighborhood search," companies respond to problems identified in a particular area by searching for solutions in that area.
19. Navarro, "Well-Timed Strategy," 79-81.
20. "Well-Timed Strategy,"Ibid, 69-71.
21. "Well-Timed Strategy,", Ibid, 134-136.