Always a Winner: Finding Your Competitive Advantage in an Up and Down Economy

ISBN-13: 9780470497203 / Angielski / Twarda / 2009 / 240 str.

Peter Navarro

Opis

"In much the same way that Good to Great uncovered hitherto hidden secrets of highly successful companies, Navarro's Always a Winner uses extensive research to reveal the overriding importance of learning how to forecast and strategically manage the business cycle for competitive advantage. In doing so, this book provocatively explores a critical aspect of successful management virtually untapped by the existing strategy literature." --Dan DiMicco, Chairman and Chief Executive Officer, Nucor Steel " Always a Winner is an important and timely guide to thriving in challenging economic times. Prof. Navarro deftly bridges the academic and business communities, showing corporate leaders how to read economic tea-leaves to anticipate business cycles. His "Master Cyclist" credo offers many practical tips and real-world case studies for steering companies through turbulent economic seas." --Mark Greene, Ph.D, Chief Executive Officer, FICO (Fair Isaac Corp.) "Navarro's Always a Winner shows why forecasting the economy with a ruler can be lethal for corporate executives and money managers. He demonstrates how to skillfully anticipate the ups and downs of the economy and successfully navigate through them. The current economic crisis clearly demonstrates why this book is so important to have on your bookshelf." --Mark Zandi, Chief Economist and Cofounder of Moody's Economy.com "Always a Winner is required reading for every entrepreneur, money manager, and independent investor hoping to outperform the market and retire one day." --Mark T. Brookshire, Founder of StockTrak.com and WallStreetSurvivor.com " Navarro's wealth of real world examples will show you how to make both economic recessions and recoveries invaluable allies in executing competitive corporate strategies. A must read " --Lakshman Achuthan, Managing Director, Economic Cycle Research Institute Why recessions are far more dangerous than any 10 competitors Most companies make a lot of money during economic expansions-and lose a lot of money during recessions. That is the way it has always been. That is the way it need not always be. This book will show you how to "always be a winner" over the course of the entire business cycle-not just when economic times are good. To do this job, this book will arm you with all the strategies and tactics and forecasting tools you will need to profitably manage your organization through the business cycle seasons-from the best of boom times to the worst of recessionary times. In this book, you will learn to

• Forecast movements and key recessionary turning points in the business cycle
• Implement a set of powerful "battle-tested" strategies over the course of the business cycle
• Rebuild your organization with a strategic business cycle orientation and thereby make it much more recession-resistant and resilient over the longer term

The forecasting tools and management strategies revealed in this book have been developed over the last five years by the author-the world's leading expert on managing the business cycle for competitive advantage. By learning to strategically manage the business cycle, your organization will be able to create a powerful competitive and sustainable advantage over its rivals and thereby find the grail sought by every executive team in the world-superior financial performance. In this way, Always a Winner provides you with the in-depth insight and practical advice you need to help your company survive and thrive in the increasingly risky conditions of the 21st century.

Spis treści

About the Author xiii

Preface xvii

A Big–Picture View of the Always a Winner Organization 1

Chapter 1 Why Recessions Are More Dangerous than Any 10 Competitors 3

Chapter 2 What Good to Great and Always a Winner Organizations Have in Common 5

Chapter 3 What Are the Three Steps to Becoming an Always a Winner Organization? 13

Chapter 4 How to Strategically Manage Through the Business Cycle Seasons 21

Step I: Becoming Your Own Economic Forecaster 33

Chapter 5 How (and Why) the Business Cycle Cycles 35

Chapter 6 How to Forecast the Business Cycle in FourEasy Pieces 43

Chapter 7 Why the GDP Equation Is Your Most Important Forecasting Tool 47

Chapter 8 Why Tracking the Consumer Is the Ultimate Confidence Game 55

Chapter 9 Why Taking the Pulse of Business Investment Is as Simple as ISM 61

Chapter 10 How Falling Exports Can Flatten an Economy in a Flat World 67

Chapter 11 Why Uncle Sam Is the Spender of Last Resort 75

Chapter 12 How Do I Fear Thee, Inflation? Let Me Count the Ways 83

Chapter 13 Why the Bond Market Is Not a Casino 89

Chapter 14 Why Forecasting a Recession Is No Bull (Market) 95

Chapter 15 How the Corporate Earnings Calendar Literally Guides Your Strategy 101

Step II: Always a Winner Strategies through the Business Cycle Seasons 107

Chapter 16 How to Recession–Proof Your Supply Chain 109

Chapter 17 Why Cherry Picking the Talent Pool During Recessions Is Your Quality Key 117

Chapter 18 Why Countercyclical Advertising Is the Best Way to Build Brand and Market Share 125

Chapter 19 Why Companies Often Price Their Products and Manage Credit Exactly Wrong 133

Chapter 20 How To Not Get Run Over by the Capital Expenditures Bandwagon 143

Chapter 21 Why You Should Buy Low and Sell High over the Stock Market Cycle 151

Chapter 22 How to Minimize Your Capital Financing Costs over the Interest Rate Cycle 161

Step III: Building the Always a Winner Organization 169

Chapter 23 Why Always a Winner Organizations Always Begin with a Strong Business Cycle
Management Orientation 171

Chapter 24 How Every Executive Team Can Boost Its Economic and Financial Market Literacy 177

Chapter 25 Why a Facilitative Structure Must Follow Your Business Cycle Management Strategy 185

Chapter 26 Why a Supportive Organizational Culture Is Essential to Always Being a Winner 191

Chapter 27 How to Protect Your 401(k) in an Up–and–Down Stock Market 195

Concluding Thoughts 203

Notes 205

Acknowledgements 211

Index 217

O autorze

PETER NAVARRO, PHD, is the accomplished author of the bestselling The Coming China Wars, the path–breaking The Well–Timed Strategy, and the investment classic If It′s Raining in Brazil, Buy Starbucks. He is a Professor at the Paul Merage School of Business at the University of California, Irvine, and a regular CNBC contributor. Professor Navarro has been featured on 60 Minutes, and his articles have appeared in a wide range of publications, from BusinessWeek, the Los Angeles Times, New York Times, and Wall Street Journal to the Harvard Business Review, the MIT Sloan Management Review, and the Journal of Business. His free weekly investment newsletter is published at www.peternavarro.com.

Blurb

Praise for
ALWAYS A WINNER
Finding Your Competitive Advantage in an Up and Down Economy

"In much the same way that Good to Great uncovered hitherto hidden secrets of highly successful companies, Navarro′s Always a Winner uses extensive research to reveal the overriding importance of learning how to forecast and strategically manage the business cycle for competitive advantage. In doing so, this book provocatively explores a critical aspect of successful management virtually untapped by the existing strategy literature."
Dan DiMicco, Chairman and Chief Executive Officer, Nucor Steel

"Always a Winner is an important and timely guide to thriving in challenging economic times. Professor Navarro deftly bridges the academic and business communities, showing corporate leaders how to read economic tea leaves to anticipate business cycles. His ′Master Cyclist′ credo offers many practical tips and real–world case studies for steering companies through turbulent economic seas."
Mark Greene, PhD, Chief Executive Officer, FICO (Fair Isaac Corp.)

"Navarro′s Always a Winner shows why forecasting the economy with a ruler can be lethal for corporate executives and money managers. He demonstrates how to skillfully anticipate the ups and downs of the economy and successfully navigate through them. The current economic crisis clearly demonstrates why this book is so important to have on your bookshelf."
Mark Zandi, Chief Economist and cofounder of Moody′s Economy.com

"Professor Navarro′s astute insight that a recession can do far more damage than any ten competitors underscores the supreme importance of recession–proofing your company in these turbulent times. Navarro not only shows you how to do just that, his ′always a winner′ forecasting tools and management strategies will help you keep your bottom line up even when the economic cycle is down."
Jim Caudill, President, Black & Decker Hardware and Home Improvement

"Navarro′s wealth of real–world examples will show you how to make both economic recessions and recoveries invaluable allies in executing competitive corporate strategies. A must–read!"
Lakshman Achuthan, Managing Director, Economic Cycle Research Institute