'Don't go soft on evaluations. Expansions make it easier for everyone to look like a star, leading undisciplined managers to believe that somehow everyone just got better. The best companies, including Procter & Gamble and McKinsey, are as rigorous in evaluating people during good times as bad. Otherwise, they'd find themselves with a roster of C players when the next downturn arrives.
This whole way of thinking may seem backward. Good times seen merely as preparation for the bad? But managing intelligently during the next expansion will be much more than a chance to clobber competitors. At least as important will be preparing the organization for the make-or-break environment of the next recession.'
For more, see - http://www.washingtonpost.com/wp-dyn/content/article/2009/09/28/AR2009092803694.html?hpid=news-col-blog
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