22 Jun 2009
Yes, there is an Upside to this Downturn
Geoff Colvin’s new book “The Upside of the Downturn: Ten Management Strategies to Prevail in the Recession and Thrive in the Aftermath” is not written for the audience of small business owners to whom I usually speak. Nevertheless, the book has key points in it about business reinvention, and business owners taking the steps to change both their behaviors and the way they lead their employees.
If you haven’t read the book yet, I suggest that you click this sentence to read this month’s Fortune Magazine and the excerpt they have taken from Colvin’s book.
Then, if you want to read some better news, click on this sentence to read Fortune’s Big Picture Index, that takes seven (7) key metrics about today’s economy and graphs them to show you that, just perhaps, the worst is behind us in this Recession. According to the indicators of home sales, stock prices, jobs, business loans, consumer loans, household income, and CEO consumer confidence, we might be seeing better times sooner than the pessimistic experts forcast.
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Management strategies article was great and timely for anyone in any size company – thanks for posting it.
But I have to say I’m having a hard time seeing the sunshine in the 7 indicators article! And I’m a Pollyanna if there ever was one. Are you thinking that with every single indicator so far down, and execs not yet investing in their own companies through insider buys, it just has to go up from here? Maybe it’s like that Nancy Sinatra song – “I’ve been down so long it looks like up to me.”
Marilyn Walker
July 9th, 2009 at 6:01 ampermalink