Page 218 - Accelerating out of the Great Recession

INDEX

Japan: Liberalization of markets, 37
changed customer preferences in, Lidl, 121
120 Liquidity crisis, 5, 9, 10
credit market losses in, 12 Localized distribution, 145
deflation during Lost Decade in, 67 Lock-in and sell-up pricing strategy,
deleveraging in, 22 107, 108
executives’ expectations of post re- Logistics, cost reductions in, 145
cession growth in, 33 Lombardi, Vince, 153
Lost Decade in, xi–xii Löscher, Peter, 124–125
manufacturing sector in, 40 Lost Decade, in Japan, xi–xii, xvii
monetary stimulus in, 38 corporate diversification in, 137
and executives’ expectations of deflation during, 69, 129
protectionism in, 49 Japan’s high-tech sector in, 100-101
recovery from recessions in, 25 L-shaped recession of, 33
trade surplus of, 26 lessons of, 5, 67
Johnson & Johnson, 133 R&D budgets in, 116
retailing model during, 120
Kanagawa, Chihiro, 96, 116–117, 136 Low-cost business models, 139–141
K-cycles (Kondratiev waves), 30–32 Low/slow-growth economy:
Keller, K.T., 81 managing in, 152
Kelvinator, 84 as new reality of business, 69–70
Keynes, John Maynard, 5 reasons for expecting, xiv–xv, 69–70
Kimberly-Clark, 119–120, 133, 137 significance of, xvi
KLM, 103 and slower growth for companies,
Kmart, 145 153–154
Kojima, 130 Loyalty programs, customer, 139
Kondratiev, Nikolai, 30, 112
Kondratiev waves (K-cycles), 30–32 M&A (see Merger and acquisitions
(M&A))
Labor force cost reductions, 101–103 Malaysia, protectionism in, 49
Lawson, 132 Malmendier, Ulrike, 56
Leadership: Management:
at Chrysler, 81–83 and creative destruction, 149
and creative destruction, 149 medium- to long-term focus of,
during crises, 154–157 162
and offensive strategies, 149–150 at Uniqlo, 147
(See also Managerial mind-set) Managerial mind-set, 151–170
Leadership team, 155 and compensation systems, 162–165
Lending: and corporate governance, 165–166
commercial, 92–93 for crisis leadership, 154–157
consumer credit, 105 and ethics, 166–168
Leverage requirements, 16 on globalization, 157–160

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