{"id":8127,"date":"2026-06-27T08:26:53","date_gmt":"2026-06-27T00:26:53","guid":{"rendered":"https:\/\/moresourcing.com\/how-leaders-engineer-margin-resilience\/"},"modified":"2026-06-27T08:26:53","modified_gmt":"2026-06-27T00:26:53","slug":"how-leaders-engineer-margin-resilience","status":"publish","type":"post","link":"https:\/\/moresourcing.com\/ko\/how-leaders-engineer-margin-resilience\/","title":{"rendered":"\ub9ac\ub354\ub4e4\uc774 \uc5ec\uc720 \ud68c\ubcf5\ub825\uc744 \uc124\uacc4\ud558\ub294 \ubc29\ubc95"},"content":{"rendered":"<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped wp-block-gallery-1 is-layout-flex wp-block-gallery-is-layout-flex\">\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" data-id=\"8124\" src=\"https:\/\/moresourcing.com\/wp-content\/uploads\/2026\/06\/How-Leaders-Engineer-Margin-Resilience.png\" alt=\"\" class=\"wp-image-8124\"\/><\/figure>\n\t\t\t\t\t\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" data-id=\"8125\" src=\"https:\/\/moresourcing.com\/wp-content\/uploads\/2026\/06\/1782520013_632_How-Leaders-Engineer-Margin-Resilience.png\" alt=\"\" class=\"wp-image-8125\"\/><\/figure>\n\t\t\t\t\t\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" data-id=\"8126\" src=\"https:\/\/moresourcing.com\/wp-content\/uploads\/2026\/06\/1782520013_627_How-Leaders-Engineer-Margin-Resilience.png\" alt=\"\" class=\"wp-image-8126\"\/><\/figure>\n\t\t\t\t\t<\/figure>\n<br><div id=\"\">\n\t\t\t\t\t\t\t\t\n \n \n  <figure class=\"alignnone\"> \n   <img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-431025\" src=\"https:\/\/moresourcing.com\/wp-content\/uploads\/2026\/06\/How-Leaders-Engineer-Margin-Resilience.png\" sizes=\"auto, (min-width: 48em) 55.7291667vw, 97.3924381vw\" srcset=\"https:\/\/moresourcing.com\/wp-content\/uploads\/2026\/06\/How-Leaders-Engineer-Margin-Resilience.png 1200w, https:\/\/hbr.org\/resources\/images\/article_assets\/2026\/06\/EY-P_FY25-HBR-article-6_Margin-Resilience_Hero-image_1200x675-300x169.png 300w, https:\/\/hbr.org\/resources\/images\/article_assets\/2026\/06\/EY-P_FY25-HBR-article-6_Margin-Resilience_Hero-image_1200x675-1024x576.png 1024w, https:\/\/hbr.org\/resources\/images\/article_assets\/2026\/06\/EY-P_FY25-HBR-article-6_Margin-Resilience_Hero-image_1200x675-768x432.png 768w, https:\/\/hbr.org\/resources\/images\/article_assets\/2026\/06\/EY-P_FY25-HBR-article-6_Margin-Resilience_Hero-image_1200x675-500x281.png 500w, https:\/\/hbr.org\/resources\/images\/article_assets\/2026\/06\/EY-P_FY25-HBR-article-6_Margin-Resilience_Hero-image_1200x675-383x215.png 383w, https:\/\/hbr.org\/resources\/images\/article_assets\/2026\/06\/EY-P_FY25-HBR-article-6_Margin-Resilience_Hero-image_1200x675-700x394.png 700w, https:\/\/hbr.org\/resources\/images\/article_assets\/2026\/06\/EY-P_FY25-HBR-article-6_Margin-Resilience_Hero-image_1200x675-850x478.png 850w\" alt=\"\" title=\"\" width=\"1200\" height=\"675\" class=\"size-full wp-image-431025 alignnone\"\/> \n  <\/figure> \n  <p><strong>By Gregory Daco and Josh Putnam<\/strong><\/p> \n  <p>\ubcc0\ub3d9\uc131\uc740 \ud55c\ub54c \uc77c\uc2dc\uc801\uc774\uc5c8\uc2b5\ub2c8\ub2e4. \uc624\ub298\ub0a0\uc5d0\ub294 \uad6c\uc870\uc801\uc785\ub2c8\ub2e4. \uc778\ud50c\ub808\uc774\uc158 \ucda9\uaca9, \uc9c0\uc815\ud559, \uc790\ubcf8 \uc2dc\uc7a5 \uc7ac\ud3c9\uac00, \uacf5\uae09\ub9dd \ubcc0\ud654\ub294 \ub354 \uc774\uc0c1 \uc608\uc0c1\uce58 \ubabb\ud55c \uc0ac\uac74\uc774 \uc544\ub2d9\ub2c8\ub2e4. \uc774\ub294 \uc6b4\uc601 \ud658\uacbd\uc744 \uc815\uc758\ud569\ub2c8\ub2e4.<\/p> \n  <p>\uadf8\ub7ec\ub098 \ub9ce\uc740 \uae30\uc5c5\uc774 \ubd88\ud655\uc2e4\uc131 \uc18d\uc5d0\uc11c \ub9c8\uc9c4\uc774 \uce68\uc2dd\ub418\ub294 \uac83\uc744 \ubaa9\uaca9\ud558\ub294 \uac00\uc6b4\ub370, \uc18c\uc218\uc758 \uae30\uc5c5\uc740 \uafb8\uc900\ud788 \uc55e\uc11c \ub098\uac11\ub2c8\ub2e4. \uadf8\ub4e4\uc758 \uac15\uc810\uc740 \ud0c0\uc774\ubc0d, \uc6b4, \uaddc\ubaa8\uac00 \uc544\ub2d9\ub2c8\ub2e4. \uadf8\uac83\uc740 \uc124\uacc4\uc785\ub2c8\ub2e4.<\/p> \n  <p><a href=\"https:\/\/www.ey.com\/en_us\/insights\/strategy\/macroeconomics\/margin-leadership-strategic-architecture-of-the-top-10-percent?WT.mc_id=10497236&amp;AA.tsrc=display\" target=\"_blank\" rel=\"noopener\">\uc0c8\ub85c\uc6b4 \uc5f0\uad6c<\/a> \uc5ec\ub7ec \uacbd\uc81c \uc0ac\uc774\ud074\uc5d0 \uac78\uccd0 1,000\uac1c \uc774\uc0c1\uc758 \ubbf8\uad6d \uae30\uc5c5\uc744 \ubd84\uc11d\ud55c \uacb0\uacfc, \ub0c9\ud639\ud55c \uc9c4\uc2e4\uc774 \ub4dc\ub7ec\ub0a9\ub2c8\ub2e4: \uc624\uc9c1 \uc57d 10%\ub9cc\uc774 \uafb8\uc900\ud788 \ucd5c\uc0c1\uc704 \ubd84\uc704 \ub9c8\uc9c4\uc744 \ub2ec\uc131\ud569\ub2c8\ub2e4. \ub354\uc6b1 \ub180\ub77c\uc6b4 \uc810\uc740, \uc774 \uae30\uc5c5\ub4e4\uc774 \uacbd\uae30 \uce68\uccb4, \uae08\ub9ac \uc7ac\uc870\uc815, \uc9c0\uc815\ud559\uc801 \ucda9\uaca9 \uc18d\uc5d0\uc11c\ub3c4 \ub9c8\uc9c4 \ub9ac\ub354\uc2ed\uc744 \uc720\uc9c0\ud55c\ub2e4\ub294 \uac83\uc785\ub2c8\ub2e4. \ub300\ubd80\ubd84\uc758 \uae30\uc5c5\uc774 \ub9c8\uc9c4 \uc555\ubc15\uc744 \uc77c\uc2dc\uc801\uc778 \uac83\uc73c\ub85c \uac04\uc8fc\ud558\ub294 \ubc18\uba74, \uc774 \uc120\ub3c4 \uae30\uc5c5\ub4e4\uc740 \ub9c8\uc9c4 \ud68c\ubcf5\ub825\uc744 \ube44\uc988\ub2c8\uc2a4 \uc804\ub7b5\uc758 \ud575\uc2ec \uc694\uc18c\ub85c \ucde8\uae09\ud569\ub2c8\ub2e4.<\/p> \n  <p>\uacbd\uc601\uc9c4\uc5d0\uac8c \uc8fc\ub294 \uc2dc\uc0ac\uc810\uc740 \ubd84\uba85\ud569\ub2c8\ub2e4: \ub9c8\uc9c4 \uc131\uacfc\ub294 \ub354 \uc774\uc0c1 \uc7ac\ubb34\uc801 \uacb0\uacfc\uac00 \uc544\ub2c8\ub77c \uc804\ub7b5\uc801 \uc120\ud0dd\uc785\ub2c8\ub2e4.<\/p> \n  <p><strong>\ub9c8\uc9c4 \uc120\ub3c4 \uae30\uc5c5\uc758 \uc804\ub7b5\uc801 \uad6c\uc870<\/strong><\/p> \n  <p>EY-Parthenon \ubd84\uc11d\uc5d0 \ub530\ub974\uba74, \uc0c1\uc7a5 \uae30\uc5c5 \uc911 \uc0c1\uc704 10%\ub9cc\uc774 \uc5c5\uacc4 \ub3d9\uc885 \uae30\uc5c5\uc744 \ub2a5\uac00\ud558\ub294 EBITDA \ub9c8\uc9c4\uc744 \uafb8\uc900\ud788 \uc81c\uacf5\ud569\ub2c8\ub2e4. \ucd5c\uace0 \uc131\uacfc \uae30\uc5c5\uc740 \uac70\uc2dc\uacbd\uc81c \ubc0f \uc9c0\uc815\ud559\uc801 \uc2a4\ud2b8\ub808\uc2a4 \uae30\uac04\uc5d0\ub3c4 \ud574\ub9c8\ub2e4 \uad6c\uc870\uc801\uc73c\ub85c \ub354 \ub192\uc740 \ub9c8\uc9c4\uc744 \uc720\uc9c0\ud569\ub2c8\ub2e4. \ubc18\uba74, \ud558\uc704 \uc131\uacfc \uae30\uc5c5\uc740 \ucda9\uaca9 \uc2dc \uae09\uaca9\ud55c \ub9c8\uc9c4 \uc555\ucd95\uc744 \uacbd\ud5d8\ud558\uace0 \uc644\uc804\ud788 \ud68c\ubcf5\ud558\uc9c0 \ubabb\ud569\ub2c8\ub2e4.<\/p> \n   \n  <p><em>\ud3c9\uac00 \ub300\uc0c1 \ubbf8\uad6d \uc0c1\uc7a5 \uae30\uc5c5 \uc9d1\ub2e8\uc758 EBITDA \ub9c8\uc9c4 \ucd94\uc774 (2010\u20132024)<\/em><\/p> \n  <figure class=\"alignnone\"> \n   <img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-431027\" src=\"https:\/\/moresourcing.com\/wp-content\/uploads\/2026\/06\/1782520013_632_How-Leaders-Engineer-Margin-Resilience.png\" sizes=\"auto, (min-width: 48em) 55.7291667vw, 97.3924381vw\" srcset=\"https:\/\/moresourcing.com\/wp-content\/uploads\/2026\/06\/1782520013_632_How-Leaders-Engineer-Margin-Resilience.png 1200w, https:\/\/hbr.org\/resources\/images\/article_assets\/2026\/06\/EY-P_FY25-HBR-article-6_Margin-Resilience_Graphic_1200x630-300x158.png 300w, https:\/\/hbr.org\/resources\/images\/article_assets\/2026\/06\/EY-P_FY25-HBR-article-6_Margin-Resilience_Graphic_1200x630-1024x538.png 1024w, https:\/\/hbr.org\/resources\/images\/article_assets\/2026\/06\/EY-P_FY25-HBR-article-6_Margin-Resilience_Graphic_1200x630-768x403.png 768w, https:\/\/hbr.org\/resources\/images\/article_assets\/2026\/06\/EY-P_FY25-HBR-article-6_Margin-Resilience_Graphic_1200x630-383x201.png 383w, https:\/\/hbr.org\/resources\/images\/article_assets\/2026\/06\/EY-P_FY25-HBR-article-6_Margin-Resilience_Graphic_1200x630-500x263.png 500w, https:\/\/hbr.org\/resources\/images\/article_assets\/2026\/06\/EY-P_FY25-HBR-article-6_Margin-Resilience_Graphic_1200x630-700x368.png 700w, https:\/\/hbr.org\/resources\/images\/article_assets\/2026\/06\/EY-P_FY25-HBR-article-6_Margin-Resilience_Graphic_1200x630-850x446.png 850w\" alt=\"\" title=\"\" width=\"1200\" height=\"630\" class=\"size-full wp-image-431027 alignnone\"\/> \n  <\/figure> \n  <p>\uc774\ub7ec\ud55c \ucc28\uc774\ub294 \uc5c5\uc885 \uad6c\uc131\ub9cc\uc73c\ub85c \uc124\uba85\ub418\uc9c0 \uc54a\uc2b5\ub2c8\ub2e4. \ub9c8\uc9c4 \uc120\ub3c4 \uae30\uc5c5\uc740 \uc0b0\uc5c5\uc7ac, \uc18c\ube44\uc7ac, \uae30\uc220, \uae08\uc735 \uc11c\ube44\uc2a4 \ub4f1 \ub2e4\uc591\ud55c \ubd84\uc57c\uc5d0\uc11c \ubc1c\uacac\ub429\ub2c8\ub2e4. \ub9c8\uc9c4 \uc120\ub3c4 \uae30\uc5c5\uc744 \uad6c\ubd84 \uc9d3\ub294 \uac83\uc740 \ub2e4\uc12f \uac00\uc9c0 \uacf5\ud1b5 \uac15\ud654 \uc6d0\uce59\uc744 \uc911\uc2ec\uc73c\ub85c \uad6c\ucd95\ub41c \uacf5\uc720\ub41c \uc804\ub7b5\uc801 DNA\uc785\ub2c8\ub2e4:<\/p> \n  <p style=\"padding-left: 40px;\"><strong>1. \ub0ae\uc740 \uc790\ubcf8 \uc9d1\uc57d\ub3c4\uc640 \ub192\uc740 \uc790\uc0b0 \uc0dd\uc0b0\uc131. <\/strong>\ub9c8\uc9c4 \uc120\ub3c4 \uae30\uc5c5\uc740 \ud22c\uc785\ub41c \uc790\ubcf8 1\ub2ec\ub7ec\ub2f9 \ub354 \ub9ce\uc740 \uc774\uc775\uc744 \ucc3d\ucd9c\ud569\ub2c8\ub2e4. \uace0\uc815 \uc790\uc0b0 \ubd80\ub2f4\uc744 \ucd5c\uc18c\ud654\ud558\uace0 \uc6b4\uc804 \uc790\ubcf8\uc744 \ucd5c\uc801\ud654\ud568\uc73c\ub85c\uc368, \uc2dc\uc7a5\uc774 \uc704\ud5d8\uc744 \uc7ac\ud3c9\uac00\ud560 \ub54c \uc720\uc5f0\uc131\uc744 \uc720\uc9c0\ud569\ub2c8\ub2e4.<\/p> \n  <p style=\"padding-left: 40px;\"><strong>2. \ubc18\ubcf5 \uc218\uc775\uacfc \uace0\uac1d \uace0\ucc29\ud654. <\/strong>\uc774\ub4e4 \uae30\uc5c5\uc740 \uc218\uc775 \ubcc0\ub3d9\uc131\uc744 \uc644\ud654\ud558\ub294 \ube44\uc988\ub2c8\uc2a4 \ubaa8\ub378(\uad6c\ub3c5, \uc7a5\uae30 \uacc4\uc57d, \ub0b4\uc7a5 \uc11c\ube44\uc2a4)\uc744 \uc6b0\uc120\uc2dc\ud558\uc5ec \ub2e8\uae30 \uc218\uc694 \ubcc0\ub3d9\uc5d0 \ub300\ud55c \ubbfc\uac10\ub3c4\ub97c \uc904\uc785\ub2c8\ub2e4.<\/p> \n  <p style=\"padding-left: 40px;\"><strong>3. \ucc28\ubcc4\ud654\ub97c \ud1b5\ud55c \uac00\uaca9 \uacb0\uc815\ub825. <\/strong>\uc120\ub3c4 \uae30\uc5c5\uc740 \ubb3c\ub7c9 \uacbd\uc7c1\ubcf4\ub2e4\ub294 \ubc29\uc5b4 \uac00\ub2a5\ud55c \ucc28\ubcc4\ud654\uc5d0 \ud22c\uc790\ud558\uc5ec \uc218\uc694\ub97c \ud30c\uad34\ud558\uc9c0 \uc54a\uace0 \ube44\uc6a9 \uc99d\uac00\ub97c \uc804\uac00\ud560 \uc218 \uc788\ub3c4\ub85d \ud569\ub2c8\ub2e4.<\/p> \n  <p style=\"padding-left: 40px;\"><strong>4. \uc131\uc7a5 \ub9c8\uc9c4\uc744 \ubcf4\ud638\ud558\ub294 \uc6b4\uc601 \uaddc\uc728.<\/strong> \uaddc\ubaa8 \ud6a8\uc728\uc131\uc740 \uc911\uc694\ud558\uc9c0\ub9cc, \uc5c4\uaca9\ud55c \ube44\uc6a9 \uac70\ubc84\ub10c\uc2a4\uc640 \uacb0\ud569\ub420 \ub54c\ub9cc \uc758\ubbf8\uac00 \uc788\uc2b5\ub2c8\ub2e4. \ub9c8\uc9c4 \uc120\ub3c4 \uae30\uc5c5\uc740 \uc218\uc775\uc131\uc744 \ud76c\uc11d\uc2dc\ud0a4\ub294 '\ubb34\uc870\uac74 \uc131\uc7a5' \ud568\uc815\uc744 \ud53c\ud569\ub2c8\ub2e4.<\/p> \n  <p style=\"padding-left: 40px;\"><strong>5. \uc801\uadf9\uc801\uc778 \ud3ec\ud2b8\ud3f4\ub9ac\uc624 \uad00\ub9ac. <\/strong>\ub9c8\uc9c4 \uc120\ub3c4 \uae30\uc5c5\uc740 \uc9c0\uc18d\uc801\uc73c\ub85c \uc790\ubcf8\uc744 \uc7ac\ubc30\ubd84\ud558\uc5ec, \uaddc\ubaa8\uac00 \uc791\uac70\ub098 \ub9c8\uc9c4\uc744 \ud76c\uc11d\uc2dc\ud0a4\ub294 \uc790\uc0b0\uc744 \ub9e4\uac01\ud558\uace0 \uc720\ub9ac\ud55c \uc0ac\uc5c5\uc5d0 \uc9d1\uc911 \ud22c\uc790\ud569\ub2c8\ub2e4.<\/p> \n   \n  <p>\uc911\uc694\ud55c \uc810\uc740, \uc774\ub7ec\ud55c \ub808\ubc84\ub4e4\uc774 \uc0c1\ud638 \uac15\ud654\ub41c\ub2e4\ub294 \uac83\uc785\ub2c8\ub2e4. \ucc28\ubcc4\ud654 \uc5c6\uc774\ub294 \uac00\uaca9 \uacb0\uc815\ub825\uc774 \uc9c0\uc18d \ubd88\uac00\ub2a5\ud569\ub2c8\ub2e4. \uc6b4\uc601 \uaddc\uc728 \uc5c6\uc774\ub294 \ubc18\ubcf5 \uc218\uc775\uc774 \uac00\uce58\ub97c \uc783\uc2b5\ub2c8\ub2e4. \ub9c8\uc9c4 \ub9ac\ub354\uc2ed\uc740 \uccb4\uacc4\uc801\uc774\uba70, \ubd84\ub9ac\ub41c \uac83\uc774 \uc544\ub2d9\ub2c8\ub2e4.<\/p> \n  <p><strong>\uc2dc\uc7a5\uc774 \uc804\ub7b5\uc801 \uba85\ud655\uc131\uc5d0 \ubcf4\uc0c1\ud558\ub294 \ubc29\uc2dd<\/strong><\/p> \n  <p>\uc8fc\uc2dd \uc2dc\uc7a5\uc740 \ubd88\ud655\uc2e4\uc131\uc744 \uc2e4\uc2dc\uac04\uc73c\ub85c \uac00\uaca9\uc5d0 \ubc18\uc601\ud569\ub2c8\ub2e4. \uac70\uc2dc\uacbd\uc81c \ubc0f \uc9c0\uc815\ud559\uc801 \ubcc0\uace1\uc810\uc5d0\uc11c \uc774\ubcf4\ub2e4 \ub354 \uba85\ud655\ud55c \uacbd\uc6b0\ub294 \uc5c6\uc2b5\ub2c8\ub2e4.<\/p> \n  <p><a href=\"https:\/\/www.ey.com\/en_us\/insights\/strategy\/macroeconomics\/margin-leadership-strategic-architecture-of-the-top-10-percent?WT.mc_id=10497236&amp;AA.tsrc=display\" target=\"_blank\" rel=\"noopener\">\ucd5c\uadfc EY-Parthenon \ubd84\uc11d<\/a> 1981\ub144\ubd80\ud130 2025\ub144\uae4c\uc9c0\uc758 \uc77c\uc77c S&amp;P 500 \uc218\uc775\ub960\uc744 \ubd84\uc11d\ud55c \uacb0\uacfc, \uc2dc\uc7a5\uc774 \ud22c\uba85\uc131\uc5d0 \ubcf4\uc0c1\ud558\uace0 \ubaa8\ud638\uc131\uc744 \ucc98\ubc8c\ud558\ub294 \ubc29\uc2dd\uc774 \ub4dc\ub7ec\ub0a9\ub2c8\ub2e4. \uc8fc\uc2dd\uc758 \uc548\uc804 \uc790\uc0b0 \ub300\ube44 \ucd08\uacfc \uc218\uc775\ub960\uc740 \uc9c0\uc815\ud559\uc801 \uc2a4\ud2b8\ub808\uc2a4 \uc2dc\uae30\uc5d0 \uae09\ub77d\ud558\uace0, \uac70\uc2dc\uacbd\uc81c \ubc0f \ubbf8\uad6d \uc5f0\ubc29\uc900\ube44\uc81c\ub3c4 \uc815\ucc45 \ubc1c\ud45c \uc774\ud6c4 \ub354 \ud070 \uba85\ud655\uc131\uc774 \uc788\uc744 \ub54c \uc0c1\uc2b9\ud569\ub2c8\ub2e4.<\/p> \n  <p><em>\uc8fc\uc2dd \uc2dc\uc7a5\uc740 \ubaa8\ud638\uc131\uc744 \ucc98\ubc8c\ud558\uace0 \ud22c\uba85\uc131\uc5d0 \ubcf4\uc0c1\ud569\ub2c8\ub2e4<\/em><\/p> \n  <figure class=\"alignnone\"> \n   <img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-431028\" src=\"https:\/\/moresourcing.com\/wp-content\/uploads\/2026\/06\/1782520013_627_How-Leaders-Engineer-Margin-Resilience.png\" sizes=\"auto, (min-width: 48em) 55.7291667vw, 97.3924381vw\" srcset=\"https:\/\/moresourcing.com\/wp-content\/uploads\/2026\/06\/1782520013_627_How-Leaders-Engineer-Margin-Resilience.png 1200w, https:\/\/hbr.org\/resources\/images\/article_assets\/2026\/06\/EY-P_FY25-HBR-article-6_Margin-Resilience_Chart_1200x300-300x75.png 300w, https:\/\/hbr.org\/resources\/images\/article_assets\/2026\/06\/EY-P_FY25-HBR-article-6_Margin-Resilience_Chart_1200x300-1024x256.png 1024w, https:\/\/hbr.org\/resources\/images\/article_assets\/2026\/06\/EY-P_FY25-HBR-article-6_Margin-Resilience_Chart_1200x300-768x192.png 768w, https:\/\/hbr.org\/resources\/images\/article_assets\/2026\/06\/EY-P_FY25-HBR-article-6_Margin-Resilience_Chart_1200x300-383x96.png 383w, https:\/\/hbr.org\/resources\/images\/article_assets\/2026\/06\/EY-P_FY25-HBR-article-6_Margin-Resilience_Chart_1200x300-500x125.png 500w, https:\/\/hbr.org\/resources\/images\/article_assets\/2026\/06\/EY-P_FY25-HBR-article-6_Margin-Resilience_Chart_1200x300-700x175.png 700w, https:\/\/hbr.org\/resources\/images\/article_assets\/2026\/06\/EY-P_FY25-HBR-article-6_Margin-Resilience_Chart_1200x300-850x213.png 850w\" alt=\"\" title=\"\" width=\"1200\" height=\"300\" class=\"size-full wp-image-431028 alignnone\"\/> \n  <\/figure> \n  <p><em>\ucd9c\ucc98: EY-Parthenon\uc758 \uc57d 45\ub144\uac04 S&amp;P 500 \ub370\uc774\ud130 \ubd84\uc11d (1981\ub144 9\uc6d4\u20132025\ub144 10\uc6d4), \uc8fc\uc2dd \ud504\ub9ac\ubbf8\uc5c4\uc744 3\uac1c\uc6d4 \uad6d\ucc44 \ub300\ube44 \ucd08\uacfc \uc218\uc775\ub960\ub85c \uce21\uc815.<\/em><\/p> \n  <p>\uac70\uc2dc\uacbd\uc81c \ubc1c\ud45c, \uc5f0\ubc29\uc900\ube44\uc81c\ub3c4 \uacb0\uc815, \uc9c0\uc815\ud559\uc801 \ucda9\uaca9\uc5d0 \ub300\ud55c \uc2dc\uc7a5 \ubc18\uc751\uc740 \uc77c\uad00\ub41c \ud328\ud134\uc744 \ubcf4\uc5ec\uc90d\ub2c8\ub2e4: \uba85\ud655\ud558\uace0 \ud68c\ubcf5\ub825 \uc788\ub294 \ub9c8\uc9c4 \ud504\ub85c\ud544\uc744 \uac00\uc9c4 \uae30\uc5c5\uc740 \ud3c9\uac00 \ubcc0\ub3d9\uc131\uc774 \uc801\uc740 \ubc18\uba74, \uad6c\uc870\uc801\uc73c\ub85c \uc57d\ud55c \uae30\uc5c5\uc740 \ub354 \uae09\uaca9\ud55c \uc7ac\ud3c9\uac00\uc5d0 \uc9c1\uba74\ud569\ub2c8\ub2e4.<\/p> \n  <p>\uacbd\uc601\uc9c4\uc5d0\uac8c \uc774 \uc6d0\uce59\uc740 \ub9c8\uc9c4 \ud68c\ubcf5\ub825\uc744 \uc6b4\uc601 \ubb38\uc81c\ubfd0\ub9cc \uc544\ub2c8\ub77c \uc790\ubcf8 \uc2dc\uc7a5 \ubb38\uc81c\ub85c \uc7ac\uc815\uc758\ud569\ub2c8\ub2e4. \uae30\uc5c5\uc774 \ub9c8\uc9c4\uc744 \ubcf4\ud638, \uc720\uc9c0, \uc131\uc7a5\uc2dc\ud0a4\ub294 \ubc29\ubc95\uc5d0 \ub300\ud55c \ud22c\uba85\uc131\uc740 \ud3c9\uac00 \uc2e0\ub8b0\uc131, \uac70\ub798 \uc900\ube44\uc131, \ud22c\uc790\uc790 \uc2e0\ub8b0\uc758 \ud575\uc2ec\uc774 \ub418\uc5c8\uc2b5\ub2c8\ub2e4.<\/p> \n  <p><strong>\ub9c8\uc9c4\uc740 \ub9ac\ub354\uc2ed\uc758 \uc2dc\ud5d8\ub300\ub2e4<\/strong><\/p> \n  <p>\uc774 \ubd84\uc11d \uacb0\uacfc\ub294 \ub9ce\uc740 \uc774\uc0ac\ud68c\uc5d0\uc11c \uae4a\uc774 \ubbff\uc5b4\uc628 \uac00\uc815, \uc989 \uc0c1\ud669\uc774 \uc548\uc815\ub418\uba74 \ub9c8\uc9c4\uc774 \uc815\uc0c1\ud654\ub420 \uac83\uc774\ub77c\ub294 \uac00\uc815\uc5d0 \ub3c4\uc804\uc7a5\uc744 \ub0b4\ubbfc\ub2e4. \ub370\uc774\ud130\ub294 \uadf8 \ubc18\ub300\ub97c \uc2dc\uc0ac\ud55c\ub2e4. \uad6c\uc870\uc801\uc73c\ub85c \ubcc0\ub3d9\uc131\uc774 \ud070 \uc2dc\uc7a5\uc5d0\uc11c \ub9c8\uc9c4 \uc120\ub3c4 \uae30\uc5c5\uc740 \ub354 \uc55e\uc11c \ub098\uac00\ub294 \ubc18\uba74, \ud6c4\ubc1c \uae30\uc5c5\uc740 \uc9c0\uc18d\uc801\uc778 \uc800\uc131\uacfc \uc0ac\uc774\ud074\uc5d0 \ube60\uc9c4\ub2e4.<\/p> \n  <p>\uc774\ub294 \ub9ac\ub354\uc2ed \ud300\uc5d0\uac8c \ub69c\ub837\ud55c \uc120\ud0dd\uc9c0\ub97c \uc81c\uc2dc\ud55c\ub2e4. \ub9c8\uc9c4\uc744 \ub2e8\uc21c\ud55c \ub610 \ub2e4\ub978 \uc7ac\ubb34 \uc9c0\ud45c\ub85c \ucde8\uae09\ud558\uc5ec \ube44\uc6a9 \uc808\uac10\uacfc \uc77c\ud68c\uc131 \uc774\ub2c8\uc154\ud2f0\ube0c\ub97c \ud1b5\ud574 \uc218\ub3d9\uc801\uc73c\ub85c \uad00\ub9ac\ud558\uac70\ub098, \uc804\ub7b5\uc801 \uc544\ud0a4\ud14d\ucc98\ub97c \ud1b5\ud574 \uc758\ub3c4\uc801\uc73c\ub85c \uc124\uacc4\ud558\ub294 \uac83\uc774\ub2e4.<\/p> \n  <p>\ud6c4\uc790\ub294 \ubd88\ud3b8\ud55c \ud2b8\ub808\uc774\ub4dc\uc624\ud504\ub97c \uc694\uad6c\ud55c\ub2e4. \uc790\ubcf8 \uc9d1\uc57d\uc801\uc778 \uc131\uc7a5\uc5d0\uc11c \uc190\uc744 \ub5bc\uace0, \ub808\uac70\uc2dc \uc624\ud37c\ub9c1\uc744 \ub2e8\uacc4\uc801\uc73c\ub85c \uc911\ub2e8\ud558\uba70, \uac00\uaca9 \uc8fc\ub3c4 \uacbd\uc7c1\uc744 \uac70\ubd80\ud558\ub294 \uac83\uc774\ub2e4. \ud558\uc9c0\ub9cc \uadf8 \ub300\uac00\ub294 \ub2e8\uc21c\ud788 \ub354 \ub192\uc740 \ub9c8\uc9c4\ub9cc\uc774 \uc544\ub2c8\ub2e4. \ud68c\ubcf5\ud0c4\ub825\uc131, \uac00\uce58 \ud3c9\uac00 \uc548\uc815\uc131, \uadf8\ub9ac\uace0 \uc804\ub7b5\uc801 \uc790\uc720\ub2e4.<\/p> \n  <p><strong>\uc9c0\uae08 \ub2f9\uc7a5 \ucde8\ud574\uc57c \ud560 \ub124 \uac00\uc9c0 \uc870\uce58<\/strong><\/p> \n  <p>\ub9c8\uc9c4 \ubc29\uc5b4\uc5d0\uc11c \ub9c8\uc9c4 \ub9ac\ub354\uc2ed\uc73c\ub85c \ub098\uc544\uac00\uae30 \uc704\ud574 \ub9ac\ub354\ub294 \ub124 \uac00\uc9c0 \uc6b0\uc120\uc21c\uc704\uc5d0 \uc9d1\uc911\ud574\uc57c \ud55c\ub2e4.<\/p> \n  <p style=\"padding-left: 40px;\"><strong>1. \ub9c8\uc9c4 \ub3d9\uc778\uc744 \uc804\uc220\uc801\uc774 \uc544\ub2cc \uad6c\uc870\uc801\uc73c\ub85c \uac10\uc0ac\ud558\ub77c. <\/strong>\ube44\uc6a9 \uac80\ud1a0\ub97c \ub118\uc5b4\uc11c\ub77c. \ube44\uc988\ub2c8\uc2a4\uc758 \uc5b4\ub5a4 \ubd80\ubd84\uc774 \uc790\ubcf8 \ube44\uc6a9 \uc774\uc0c1\uc758 \uc218\uc775\uc744 \uad6c\uc870\uc801\uc73c\ub85c \ucc3d\ucd9c\ud558\ub294\uc9c0, \uadf8\ub9ac\uace0 \uc5b4\ub5a4 \ubd80\ubd84\uc740 \uc808\ub300 \uadf8\ub807\uc9c0 \uc54a\uc744\uc9c0 \ud30c\uc545\ud558\ub77c.<\/p> \n  <p style=\"padding-left: 40px;\"><strong>2. \uac00\uaca9 \uacb0\uc815\ub825\uc744 \ud611\uc0c1\uc774 \uc544\ub2cc \uc804\ub7b5\uc5d0 \ub0b4\uc7ac\ud558\ub77c. <\/strong>\uc0ac\uc804 \uc608\ubc29\uc801\uc778 \uac00\uaca9 \uacb0\uc815\uc744 \uac00\ub2a5\ud558\uac8c \ud558\ub294 \ucc28\ubcc4\ud654, \ub370\uc774\ud130, \uac00\uce58 \ucee4\ubba4\ub2c8\ucf00\uc774\uc158\uc5d0 \ud22c\uc790\ud558\ub77c.<\/p> \n  <p style=\"padding-left: 40px;\"><strong>3. \uaddc\ubaa8\uac00 \uc544\ub2cc \ud68c\ubcf5\ud0c4\ub825\uc131\uc744 \uc704\ud574 \ud3ec\ud2b8\ud3f4\ub9ac\uc624\ub97c \uc7ac\uc124\uacc4\ud558\ub77c. <\/strong>\ub9e4\ucd9c \uc131\uc7a5\uc744 \ub2a6\ucd94\ub354\ub77c\ub3c4 \ubc18\ubcf5 \ub9e4\ucd9c, \ub0ae\uc740 \uc790\ubcf8 \uc9d1\uc57d\ub3c4, \ubc29\uc5b4 \uac00\ub2a5\ud55c \uacbd\uc81c\uc131\uc744 \uac16\ucd98 \ube44\uc988\ub2c8\uc2a4\ub85c \uc801\uadf9\uc801\uc73c\ub85c \uc790\ubcf8\uc744 \uc804\ud658\ud558\ub77c.<\/p> \n  <p style=\"padding-left: 40px;\"><strong>4. \ub9ac\ub354\uc2ed \uc778\uc13c\ud2f0\ube0c\ub97c \ub2e8\uc21c\ud55c \uc131\uc7a5\uc774 \uc544\ub2cc \ub9c8\uc9c4 \ud488\uc9c8\uc5d0 \ub9de\ucdb0 \uc815\ub82c\ud558\ub77c. <\/strong>\uc7a5\uae30 \uc218\uc775\uc744 \uc7a0\uc2dd\ud558\ub294 \ubb3c\ub7c9 \ud655\uc7a5\uc774 \uc544\ub2cc \uc9c0\uc18d \uac00\ub2a5\ud55c \uc218\uc775\uc131\uc744 \ubcf4\uc0c1\ud558\ub77c.<\/p> \n  <p><a href=\"https:\/\/www.ey.com\/en_us\/people\/gregory-daco?WT.mc_id=10497234&amp;AA.tsrc=display\" target=\"_blank\" rel=\"noopener\"><strong><em>\uadf8\ub808\uace0\ub9ac \ub2e4\ucf54<\/em><\/strong><\/a><strong><em> \ub294 EY-\ud30c\ub974\ud14c\ub17c \uc218\uc11d \uc774\ucf54\ub178\ubbf8\uc2a4\ud2b8\uc785\ub2c8\ub2e4.<\/em><\/strong><\/p> \n  <p><a href=\"https:\/\/www.ey.com\/en_us\/people\/josh-putnam?WT.mc_id=10497235&amp;AA.tsrc=display\" target=\"_blank\" rel=\"noopener\"><strong><em>\uc870\uc2dc \ud37c\ud2b8\ub118<\/em><\/strong><\/a><strong><em> \uc740 EY-\ud30c\ub974\ud14c\ub17c \uae00\ub85c\ubc8c \ubc0f \uc544\uba54\ub9ac\uce74 \uae30\uc5c5 \uae08\uc735 \ub9ac\ub354\uc785\ub2c8\ub2e4.<\/em><\/strong><\/p> \n  <hr\/> \n  <p><strong><em>\uc5ec\uae30\ub97c \ud074\ub9ad\ud558\uc5ec <\/em><\/strong><a href=\"https:\/\/www.ey.com\/en_us\/insights\/strategy\/macroeconomics\/margin-leadership-strategic-architecture-of-the-top-10-percent?WT.mc_id=10497236&amp;AA.tsrc=display\" target=\"_blank\" rel=\"noopener\"><strong><em>\ub9c8\uc9c4 \ud68c\ubcf5\ud0c4\ub825\uc131\uc5d0 \uad00\ud55c \uc804\uccb4 EY-\ud30c\ub974\ud14c\ub17c \ubd84\uc11d<\/em><\/strong><\/a><strong><em> \uc5d0 \uc811\uc18d\ud558\uc138\uc694. <\/em><\/strong><\/p> \n  <p><em>\uc774 \uae00\uc5d0 \ubc18\uc601\ub41c \uacac\ud574\ub294 \uc800\uc790\ub4e4\uc758 \uacac\ud574\uc774\uba70 \ubc18\ub4dc\uc2dc Ernst &amp; Young LLP \ub610\ub294 \uae00\ub85c\ubc8c EY \uc870\uc9c1\uc758 \ub2e4\ub978 \uad6c\uc131\uc6d0\uc758 \uacac\ud574\ub97c \ubc18\uc601\ud558\ub294 \uac83\uc740 \uc544\ub2d9\ub2c8\ub2e4.<\/em><\/p>\n \n\n\t\t\t\t\t\t<\/div>\r\n\r\n<br>#\ub9ac\ub354 #\uc5d4\uc9c0\ub2c8\uc5b4 #\ub9c8\uc9c4 #\ud68c\ubcf5\ud0c4\ub825\uc131","protected":false},"excerpt":{"rendered":"<p>By Gregory Daco and Josh Putnam Volatility used to be episodic. Today it is structural. Inflation shocks, geopolitics, capital market repricing, and shifting supply chains no longer arrive as surprises\u2014they define the operating environment. Yet while many companies see margins erode amid uncertainty, a small group consistently pulls ahead. Their advantage is not timing, luck, [&hellip;]<\/p>","protected":false},"author":1,"featured_media":8128,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[9],"tags":[],"class_list":["post-8127","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-management"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.7.1 (Yoast SEO v25.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How Leaders Engineer Margin Resilience - MORE SOURCING LTD<\/title>\n<meta name=\"description\" content=\"Sponsor content from EY\u2011Parthenon.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/moresourcing.com\/ko\/how-leaders-engineer-margin-resilience\/\" \/>\n<meta property=\"og:locale\" content=\"ko_KR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How Leaders Engineer Margin Resilience\" \/>\n<meta property=\"og:description\" content=\"Sponsor content from EY\u2011Parthenon.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/moresourcing.com\/ko\/how-leaders-engineer-margin-resilience\/\" \/>\n<meta property=\"og:site_name\" content=\"MORE SOURCING LTD\" \/>\n<meta property=\"article:published_time\" content=\"2026-06-27T00:26:53+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/moresourcing.com\/wp-content\/uploads\/2026\/06\/EY-P_FY25-HBR-article-6_Margin-Resilience_Hero-image_1200x675.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1\" \/>\n\t<meta property=\"og:image:height\" content=\"1\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"MS\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"\uae00\uc4f4\uc774\" \/>\n\t<meta name=\"twitter:data1\" content=\"MS\" \/>\n\t<meta name=\"twitter:label2\" content=\"\uc608\uc0c1 \ub418\ub294 \ud310\ub3c5 \uc2dc\uac04\" \/>\n\t<meta name=\"twitter:data2\" content=\"4\ubd84\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/moresourcing.com\/how-leaders-engineer-margin-resilience\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/moresourcing.com\/how-leaders-engineer-margin-resilience\/\"},\"author\":{\"name\":\"MS\",\"@id\":\"https:\/\/moresourcing.com\/#\/schema\/person\/2c9a233f0ad18413717419291cacdf69\"},\"headline\":\"How Leaders Engineer Margin Resilience\",\"datePublished\":\"2026-06-27T00:26:53+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/moresourcing.com\/how-leaders-engineer-margin-resilience\/\"},\"wordCount\":880,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/moresourcing.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/moresourcing.com\/how-leaders-engineer-margin-resilience\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/moresourcing.com\/wp-content\/uploads\/2026\/06\/EY-P_FY25-HBR-article-6_Margin-Resilience_Hero-image_1200x675.png\",\"articleSection\":[\"Management\"],\"inLanguage\":\"ko-KR\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/moresourcing.com\/how-leaders-engineer-margin-resilience\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/moresourcing.com\/how-leaders-engineer-margin-resilience\/\",\"url\":\"https:\/\/moresourcing.com\/how-leaders-engineer-margin-resilience\/\",\"name\":\"How Leaders Engineer Margin Resilience - 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