During the last economic downturn, about 10 percent of the publicly traded companies we traced the paths of fared materially better than the rest. We called those companies “resilients,” and by the time the downturn reached its trough in 2009, resilients’ earnings (EBITDA) had risen by 10 percent, while industry peers had lost nearly 15 percent. What made these companies different? And what can we learn from them today as we prepare for the end of a boom, the beginning of a bust—or something different? Explore these insights to learn how your organization can beat the odds by making bold moves early.