This is an insightful piece of work by Sanjay Khosla and Mohanbir Sawhney, published recently at Strategy+Business. Though people could argue that nothing new in this proposition, and companies did actually narrowed their expansions plans, and focused more on their current offerings and inititated massive gigantic cost-cutting and optimization engagements, nonetheless, Khosla and Sawhney aims, as far I understood, to strategize the whole process and practice. Growth by focus should deliberately replace the growth by more in good times as well and not bad times. It should the way of doing and running the businesses onwards.
… Insightful four lessons learned from big companies in this economical turmoil. Avoiding complacency, Moving With The Times, Accepting Responsibilty and Knowing your markets are the key four lessons companies like GM failed to learn and therefore announced bankruptcy. –