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Executives urged to prepare for recovery
UK companies must prepare themselves for the imminent upturn in the economy and reorganise themselves to remain competitive.
That is according to Jiri Maly of the consultancy group McKinsey & Co, who has claimed that opportunities are available for executives that can capitalise on businesses' internal strengths and their rivals' inherent weaknesses.
Highlighting both the challenges and prospects facing director-level board members in post-recessionary business environments around the world, the corporate strategist explained that a downturn can spur "long-lasting change".
This atmosphere could spark increased demand for interim management specialists, as UK organisations seek focused, experienced and tenacious individuals to implement their strategies.
Writing for the Globe and Mail, Mr Maly suggested that "aspirational" candidates willing to take crucial decisions will benefit most from the global economy's imminent recovery.
He wrote: "Top executives should motivate their staff with a clear and convincing vision of the future, even while exhorting them to pursue aggressive cost control and value creation measures."
Categories: Board & CEO