McKinsey on Finance, Number 70

Not yet. Despite rising corporate-debt levels, research shows companies can cover their obligations for now. But they should prepare for a possible downturn by stress-testing their capital structure.

When the going gets tough, not all companies fare the same. Here’s how to join the ranks of the resilient.

Adhering to four key principles can help companies increase the odds that their collaborations will create more value over their life cycles.

Conducting a premortem can help teams anticipate project failure—and head it off at the pass.

Avoid throwing good money after bad by developing “contingent road maps”—plans for updating your investment strategy based on unbiased feedback from the market.