Businesses and non-profits are looking hard at their costs as the current recession bites. However, organizations are often imposing a blanket squeeze on budgets across all their activities─irrespective of a business unit’s strategic importance, performance, or net contribution to cash flow. This is a mistake. Instead, business and non-profit leaders should seize the opportunity to radically reshape their business portfolios and get ready for tomorrow’s challenges as well as better meet today’s needs. Linksbridge offers ideas for how to do this and five strategies for making change stick. After all, it can be rare for boards and management teams to be focused on an urgent issue. Executives should take advantage.