Tuesday, February 21, 2006

"Nobody wins nothing with a great offense and no defense. That's brainless. In business, this means we play both defense and offense." Gary Sutton

Just finished Corporate Canaries, the new Gary Sutton book. "The big lesson" as he calls it is...defense matters. He also shares his "universal truths"...

When profits are slipping, your company shouldn't try to sell its way out of trouble. Fix the problem first.

Adding too much debt will be toxic during the next downturn.

No business runs well without smart controls.

Decisiveness wins.

When your market changes, so must you.

Bravo Gary, well done! Highly recommend this page turning one-sitting read - solid unvarnished counsel - a book managers should keep handy for re-reading. Check it out here