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Tue, Apr 08, 2003 - Page 12 News List

Business heads learn to cope in uncertain times

By Steve Lohr  /  NY TIMES NEWS SERVICE , NEW YORK

A higher-risk world could require the rethinking of many tenets of conventional business wisdom. The canons of globalization included shopping the world for low-cost parts, developing tighter relationships with fewer suppliers, and deploying an itinerant corps of key managers and engineers who were willing to travel anywhere on a moment's notice to meet a customer or solve a problem.

Those assumptions would all be challenged if more developing nations, in particular, became politically unstable.

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