It's just Economics 101: All business is cyclical, and that's true even when, as seems the case in the new century, the cycles are speeding up. Finance executives need to be prepared to meet the challenges of bad times as well as good. Companies that react quickly to an adverse market have a good chance of preserving profitability. But world-class organizations go beyond that, says The Hackett Group: They leverage disruptive events to get the buy-in they need -- from management, workers and stakeholders -- to drive transformative change and raise their organization's performance to world-class levels. Hackett�s research identifies several areas where the best companies focus their efforts. They reduce G&A costs, improve working capital performance, examine globalization opportunities, and fine tune the performance of their Enterprise Performance Management system. Click Here to Link to Full Text of Article or visit the following URL: http://www.businessfinancemag.com/magazine/archives/article.html?artic leID=14950 (Due to its length, this URL may need to be copied/pasted into your Internet browser's address field. Remove the extra space if one exists.) The complete research described in this article is available at: http://www.thehackettgroup.com/hpn/docs/rword/ More information on other Hackett Research is also available at: http://www.thehackettgroup.com/about/alerts.jsp About The Hackett Group The Hackett Group (NASDAQ: HCKT), a global strategic advisory firm, is a leader in best practice advisory, benchmarking, and transformation consulting services, including shared services, offshoring and outsourcing advice. Utilizing best practices and implementation insights from more than 4,000 benchmarking engagements, executives use Hackett's empirically based approach to quickly define and prioritize initiatives to enable world-class performance. Through its REL brand, Hackett offers working capital solutions focused on delivering significant cash flow improvements. Through its Hackett Technology Solutions group, Hackett offers business application consulting services that helps maximize returns on IT investments. Hackett has worked with 2,700 major corporations and government agencies, including 97% of the Dow Jones Industrials, 73% of the Fortune 100, 73% of the DAX 30 and 45% of the FTSE 100. Founded in 1991, The Hackett Group was acquired by Answerthink, which was renamed The Hackett Group in 2008. The Hackett Group has global offices in the United States, Europe and India. More information on The Hackett Group is available: by phone at (770) 225-7300; by e-mail at info@thehackettgroup.com; or on the Web at www.thehackettgroup.com.
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