Where Should You Cut Costs First?

You have a number. It arrived from a board, a sponsor, a lender, or a forecast that stopped working, and it is larger than anything you can find by being slightly more careful with travel. Every function has sent you a list. The lists add up to about a third of what...

Should I Fix It, Sell It, or Shut It Down?

People ask whether they should fix a struggling business unit, sell it, or close it, and the question is usually asked in the wrong order. It gets asked as a question about the unit’s current performance, which is the least informative thing about it, because...

The Blunt Guide to Product Portfolio Strategy

What does product portfolio strategy actually decide? Why don’t the standard portfolio matrices work here? The unit of decision is the line in a segment When should you fund a line? When should you harvest a line? When should you exit a line? How to run the...

The Operator’s Guide to Working Capital

What Working Capital Actually Is, in Operating Terms The Cash Conversion Cycle, and How to Read Yours Why It Is One System and Not Three Initiatives Diagnosis: Where Is Your Cash Actually Sitting? Inventory: The Largest Pool and the Hardest Conversation Receivables: A...