When the recession hit in 2008, DuPont, a US based multinational pharmaceutical company, initiated seven strategic approaches to create opportunities and prepare for the inevitable recovery: 1) Deploy resources to release cash; 2) Accelerate new products; 3) Partner for new ventures; 4) Develop new business models; 5) Surpass the competition; 6) Globalize R&D; 7) Commit…

BPIR Categories

2.2.4 Formulate and review business unit strategy
14.3.6 Provide ideas management & innovation processes
5.5.3 Improve process/product performance
11.1.4 Manage cash flow

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