Mastering management: managing in a downturn Forget business workshops and case studies – recessions provide real-time opportunities for executive learning as old myths are brought into question and management innovations emerge.
Historically a downturn has been a time when business models, organisational structures, labour markets and employee contracts come under immense strain. Accepted wisdoms are challenged and this break in thinking can result in the adoption of new practices and the adoption of new habits and skills. These pressures and fissures – while difficult at the time – can yield fresh ideas, engaging experiments and interesting adaptations in the long run.
