August 29th, 2008
Pick of the week
Last week I pointed out that McKinsey was offering to take a bullet for Wall Street by suggesting that it might not be a bad idea for investment banks to spend less on consultants.
Now the Sydney Carton of the consultancy world has a new insight likely to please bankers. A couple of its directors have co-authored an article declaring that the best companies view downturns as a good time to make acquisitions.
McKinsey isn’t suggesting that every company will be in a position to find the funds to purchase rivals. But for financially-solid businesses its advice seems plausible - and it certainly won’t hurt the flow of M&A fees into the investment banking industry.
Elsewhere:
- How to drink vodka on a business trip to Moscow (including vomit advice);
- The fundamentals of marketing;
- Anxious CEOs must resist the urge to become secretive and control-freaky;
- Five monkeys and a banana: a clever workplace parable;
- Managing foreign postings in a downturn.










