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From the Editor's Desk Left unchecked, market forces continually conspire to deplete profits. Powerful business strategies can counteract those tendencies, but good strategy is difficult to formulate. Indeed, the latest McKinsey research (see "The strategic yardstick you can't afford to ignore.") finds that a very small number of companies create most economic profit. The research also shows that a significant number of good companies outperform even in so-called bad industries, where the average economic profit is less than the market average. |
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From the Editor's Desk Some varieties of wood, such as oak and maple, are renowned for their strength. But scientists say a simple and inexpensive new process can transform any type of wood into a material stronger than steel, and even some high-tech titanium alloys. Besides taking a star turn in buildings and vehicles, the substance could even be used to make bullet-resistant armor plates. |
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From the Editor's Desk In 2017, Indonesian state-owned giant Pertamina had two ambitious strategic objectives: Transition from oil and gas to a more diverse portfolio including renewables, and entrench itself deeper in the global market. |
Opinion