What happens when there's no growth to manage?

The 1980s and 1990s was an unprecedented period of economic expansion in the United States. America doubled down on a strategy of suburbs, automobiles, housing, and the debt-fuelled trappings of a consumer economy, which worked like gangbusters, boosting GDP for the nation, creating millions of jobs, and swelling corporate profits left and right. Not surprisingly, thousands of business books by American authors were translated into dozens of languages so that business students around the world could learn from what came to be known as "best practices."

Lately, of course, the old magic seems to be gone ... The brief is based on the USA but the experience is universal ... READ MORE

Released by the Harvard Business Review - 28 September 2012