Management Magnified: Getting ahead in a recession by making better decisions

Whether companies stick with their core competencies or strike out into new territory, they can increase the odds that they will successfully navigate the recession by improving decision-making. Getting ahead in a recession by making better decisions is an Economist Intelligence Unit report sponsored by SAS. It is the first paper in a three-part series entitled Management Magnified, aimed at helping managers find ways to guide their companies more effectively through troubled times. This paper examines how the principles of good decision making - being proactive, ensuring that decisions are made at the appropriate level in the organization and basing them on the best information available - can reduce risk and help companies to turn current challenges into future opportunities.