Most companies ignore one of their best opportunities for honing competitive advantage‎:‎ the opportunity to proactively manage business cycles and macroeconomic turbulence‎.‎ Despite the profound impact that the business cycle has on the fortunes and fate of so many businesses large and small‎-‎-and the employees and investors that depend on them‎-‎-not fa single book offers a comprehensive guide to strategically and tactically managing the business cycle‎.‎ The Well‎-Timed Strategy shows how to manage not just the business cycle and industry cycles but also today‎'‎s unprecedented level of macroeconomic turbulence‎.‎ Peter Navarro shows how to align every facet of business strategy‎,‎ tactics‎,‎ and operations to reflect changing business conditions‎.‎ Drawing on hundreds of examples‎,‎ Navarro distills clear‎,‎ simple management principles for managing economic upswings and downswings‎.‎ Navarro addresses everything from inventory‎,‎ production‎,‎ and supply chain management to marketing‎,‎ pricing‎,‎ and long‎-term capital investment‎.‎ Navarro presents examples from around the globe‎,‎ ranging from Broadcom and Cemex to Paccar and Xilinx Chinese real estate developers to U‎.‎S‎.‎ small caps‎.‎ Clear‎,‎ concise‎,‎ and exceptionally readable‎,‎ The Well‎-Timed Strategy makes complex macroeconomic forecasting easy to understand ‎-‎- and even easier to act upon‎.‎ Introduction xvii Chapter 1‎:‎ Strategies and Tactics of the Master Cyclist Executive 1 Chapter 2‎:‎ Countercycling Your Capital Expenditures 15 Chapter 3‎:‎ The Acquisitive Master Cyclist Buys Low and Sells High 39 Chapter 4‎:‎ The Art of "Cherry Picking" and Other Well‎-Timed Tactics of the Human Resources Manager 55 Chapter 5‎:‎ "Macromanaging" Your Production‎,‎ Inventory‎,‎ and Supply Chain 75 Chapter 6‎:‎ Master Cyclist Marketing Through the Business Cycle Seasons 95 Chapter 7‎:‎ Pricing the Cycle and Managing Credit and Account Receivables 111 Chapter 8‎:‎ Proactive Profiting From Oil Price Spikes‎,‎ Interest Rate Hikes‎,‎ and Exchange Rate Risks 129 Chapter 9‎:‎ When You Can‎'‎t Beat the Business Cycle‎,‎ Hedge Its Risks‎!‎ 149 Chapter 10‎:‎ Surviving‎-and Prospering from‎-the Economic Shocks of War‎,‎ Terrorism‎,‎ Drought‎,‎ and Disease 169 Chapter 11‎:‎ The Master Cyclist‎'‎s Favorite Forecasting Tools 185 Concluding Thoughts 211 Appendix A‎:‎ The Master Cyclist Project‎'‎s Treasure Trove of Data and All‎-Star Team 213 Appendix B‎:‎ A Business Cycle Primer 223 Notes 233 Index 239