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As the recent global recession deepened, some industries saw sales decline by 40 percent or more. Cash-strapped companies struggled with order cancellations, inventory pile-ups and underused assets. The business headlines showed that many organizations were unable to survive those pressures. Yet many have survived, and are on course to do well as the global economy picks up. The survivors were almost always better able to change course more quickly than their more sluggish peers, minimize losses and generate much-needed cash.
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