"In The Well-Timed Strategy, Navarro provides a useful primer on business cycle risks and opportunities. Recognizing that business success depends most of all on human capital, he makes the crucial observation that the trough of a recession is the best time to find good people and the most important time to focus on retaining them. This and other insights about investment, production and marketing give todays executives a useful checklist for building and maintaining competitive advantage."
--Michael Milken , Chairman, The Milken Institute
Most companies ignore one of their best opportunities for honing competitive advantage: the opportunity to proactively manage business cycles and macroeconomic turbulence. Despite the profound impact that the business cycle has on the fortunes and fate of so many businesses large and small--and the employees and investors that depend on them--not fa single book offers a comprehensive guide to strategically and tactically managing the business cycle. The Well-Timed Strategy shows how to manage not just the business cycle and industry cycles but also today's unprecedented level of macroeconomic turbulence. Peter Navarro shows how to align every facet of business strategy, tactics, and operations to reflect changing business conditions. Drawing on hundreds of examples, Navarro distills clear, simple management principles for managing economic upswings and downswings. Navarro addresses everything from inventory, production, and supply chain management to marketing, pricing, and long-term capital investment. Navarro presents examples from around the globe, ranging from Broadcom and Cemex to Paccar and Xilinx Chinese real estate developers to U.S. small caps. Clear, concise, and exceptionally readable, The Well-Timed Strategy makes complex macroeconomic forecasting easy to understand -- and even easier to act upon.
Chapter 1: Strategies and Tactics of the Master Cyclist Executive 1
Chapter 2: Countercycling Your Capital Expenditures 15
Chapter 3: The Acquisitive Master Cyclist Buys Low and Sells High 39
Chapter 4: The Art of “Cherry Picking” and Other Well-Timed Tactics of the Human Resources Manager 55
Chapter 5: “Macromanaging” Your Production, Inventory, and Supply Chain 75
Chapter 6: Master Cyclist Marketing Through the Business Cycle Seasons 95
Chapter 7: Pricing the Cycle and Managing Credit and Account Receivables 111
Chapter 8: Proactive Profiting From Oil Price Spikes, Interest Rate Hikes, and Exchange Rate Risks 129
Chapter 9: When You Can’t Beat the Business Cycle, Hedge Its Risks! 149
Chapter 10: Surviving—and Prospering from—the Economic Shocks of War, Terrorism, Drought, and Disease 169
Chapter 11: The Master Cyclist’s Favorite Forecasting Tools 185
Concluding Thoughts 211
Appendix A: The Master Cyclist Project’s Treasure Trove of Data and All-Star Team 213
Appendix B: A Business Cycle Primer 223
Index 239--This text refers to an out of print or unavailable edition of this title.
This is a very fine book and I recommend it for anyone interested in corporate strategy.
This handy, concise compendium offers managers a series of tips on managing through changing business cycles, and illustrates its advice with intriguing actual cases.
The best time to hire is during downturns, when the pool of potential hires is largest and contains the greatest number of outstanding people.
Great strategy book on planning and managing the business cycle for competitive advantage. It's awesome. I recommend it. Pass it on!Published 14 months ago by Vera E Davis
Everybody involved in business activity directly or indirectly should read this book.The ideas are clearly stated.But there are alot of repititions. Read morePublished on November 3, 2009 by Kemal Ozden
Predicting the weather is part science and part art, but it requires an in depth understanding of weather conditions, phenomena and pattern recognition. Read morePublished on March 16, 2009 by Rebecca Clement
This handy, concise compendium offers managers a series of tips on managing through changing business cycles, and illustrates its advice with intriguing actual cases. Read morePublished on October 24, 2006 by Rolf Dobelli
"The Well-Timed Strategy" can be applied to you, your company, and your investing. This is a very informative, practical, and useful book that deserves a lot more attention. Read morePublished on July 22, 2006 by K. Johnson
I love this book. Being a contrarian by nature, I enjoy this way of examining the business cycle for the best strategic moves that often use moving AGAINST the obvious move of the... Read morePublished on March 2, 2006 by Craig Matteson
The conventional wisdom among many business executives is that you cut marketing expenditures, staff, prices and all other budgets as much as possible during the dips in the... Read morePublished on February 20, 2006 by Charles Ashbacher