Commentary: How Companies Can Get a Leg Up On the Competition

Summary

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The economy is beginning to show some signs of life as the stock market has recovered nearly 50 percent and Fed Chairman Ben Bernanke and others explain that the recession is coming to an end. But while business leaders may be tempted to celebrate, there is little time to waste in preparing for what's next. Business leaders must shift their attention away from a single-minded focus on survival and start looking again toward growth. But with the future remaining murky, it will be difficult for companies to define clear roadmaps to success while also maintaining a strong defense against what turmoil may still lie ahead.

So what should companies do now? Maintaining vigilance about the current business climate while avoiding being left flat-footed as the economy recovers will be no small feat. While there are no silver bullets that can guarantee success in the future, there are a few core principles which can serve as a foundation for success for many years to come.

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Commentary: How Companies Can Get a Leg Up On the Competition

1. Maintain a focus on building lean and agile business processes

This recovery will not occur at the same pace as previous recoveries. As a result, companies wi...

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