Financial Times FT.com

FT Business School - Wharton

Resources

Managing in a downturn

Budget squeezes, job losses, tighter credit — managing in a downturn requires a different set of skills to those needed in benign economic conditions. Yet many managers will not have experienced a recession before.

In a series of five video lectures, professors at the University of Pennsylvania’s Wharton business school give an overview of the global crisis and outline ways in which individual managers can adjust to the harsher environment.

Related content and features

Video lectures

Watch video one: a global overview of the downturn

Mauro Guillen

The causes of the economic slowdown and its effect on emerging markets analysed by Professor Mauro Guillen.

Contents:
1. Global crisis or national crises?
2. Finance v real economy;
3. Lessons from history;
4. Emerging markets.

Further reading

Watch video two: managing job cuts

Peter Cappelli

How can companies handle redundancies sensitively, without wrecking the morale of staff who remain? Professor Peter Cappelli explains.

Contents:
1. Is it really necessary to shed staff?
2. Minimising pain;
3. Care for survivors.

Further reading

Watch video three: crisis and risk management

Olivia Mitchell

Guidance on how companies should react to crises and manage their risk exposure from Professor Olivia Mitchell.

Contents:
1. Don’t clam up in a crisis;
2. The four elements of risk management;
3. Government’s role.

Further reading

More lectures

Watch video four: marketing under pressure

Peter Fader

Marketers that embrace interactivity and accountability will shine amid the current economic gloom, says Professor Peter Fader.

Contents:
1. The paradox and the pendulum;
2. This time it’s different;
3. A time to focus on marketing accountability.

Further reading

Watch video five: leading in hard times

Michael Useem

How should business leaders carry themselves in a downturn? Professor Michael Useem looks at some key strategies to follow.

Contents:
1. The value of a strong team;
2. Three steps to good leadership;
3. Step four: decisive action;
4. Build a culture of resilience.

Further reading

FT Business School on video

Managerial psychology

Nick Epley

In a trio of lectures, Chicago Booth professor Nick Epley applies psychological research to the workplace

India: the base of the pyramid

Five professors from the Indian School of Business examine issues in emerging markets

Global corporate strategy

Pankaj Ghemawat

Iese’s Pankaj Ghemawat explains the rules of cross-border expansion in a world that is merely “semi-globalised”

Leading globally

Martha Maznevski of IMD on globalisation’s management challenges

Moving up/Moving out

Insead’s Herminia Ibarra explains how to assume a leadership role - or switch careers entirely

Doing business in China

Five professors from the China Europe International Business School on doing business in China