PA Consulting Group's “Managing Uncertainty” survey provides lessons for business leaders for the next emerging crisis

Survey says companies who responded to the last financial crisis withdrastic cuts – including slashing staff - damaged their share valueNew York – As the global economy heads back into crisis, business leaders are focusing on what they need to do to succeed in uncertain times. Most companies had the wrong overall approach to the previous crisis; these companies need to change their mind-set now to prepare for the emerging crisis. The challenge is that the dynamics of a balance-sheet recession are different from those of a traditional inventory-cycle recession, making it difficult to know