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Preparing your organization for growth | McKinsey
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The resilients seem to have accomplished this by reducing operating costs earlier in the recession cycle, and more deeply. The resilients maintained and expanded their cost lead as the recession moved toward its trough, improving their earnings advantage in seven out of the eight quarters during and The legendary ball-drop in Times Square at the end of marked a decade since one of the worst recessions in modern memory. Four miles away, nervous Wall Street-types wondered if it also marked the end of a long cycle of expansion. Or in