Past experience is an inadequate guide to our current crisis; nevertheless, we can still learn a lot from past recessions. Let’s examine the past five recessions. I’ve plotted the rate of economic growth since 1973 (economists study real GDP but it’s hard to relate to individual businesses) along with the unemployment rate (an easier to [...]
Continue reading about Gauging economic climate change, Pt. 1: Recessions in our lifetime
If we stop and examine how businesses and organizations respond to a recession, there are five basic strategies beyond short-term steps to conserve cash. They can be used individually or in combination and the best choice is a function of market conditions, your current capabilities and resources, and your goals.
I’ll be discussing the what, when, [...]
This blog is dedicated to the principle that “hunkering down” – slashing expenses and deferring new initiatives – is an insufficient response to a long and deep recession. Facing the worst economic crisis since the Great Depression, we’re in a period of Darwinian proportions that strongly favors those who can adapt most quickly and successfully.
I [...]
Continue reading about First post – Welcome to Recessioneering!
