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[19 Nov 2008 | 2 Comments | ]
Accelerate When Everyone Else Is Slowing

Like a marathon runner who sprints to a lead when going up a tough hill, companies that make aggressive moves when others are playing it safe gain a sizable advantage and then continue to build on it even more during easier times.
A recent study by Bain & Company found that twice as many companies made the leap from laggards to leaders during the last recession as during surrounding periods of economic calm. In fact, nearly a quarter of all companies with the highest or lowest industry rankings moved completely …