Article
Mark Daniell prescribes a "two-step strategy of focused consolidation and achievement of operational excellence" to heal Asian companies' financial woes. Consolidation will help focus the limited resources of companies that have expanded portfolios excessively in the past few years. Operational excellence skills "will need to be brought in or developed rapidly as many businesses in Asia have never been through significant turbulence." In the end, the outlook is very positive.
Published in January 1998