We economists are predicting light to moderate growth this year, but we’re also saying there is a significant chance of recession. That sounds weird, but the important question is, “What are you going to do with that information?” In this
The economic forecast has a major weirdness. Most of my colleagues and I think that this year will bring light-to-moderate growth, but we’re also warning of the possibility of a recession triggered by the European financial crisis. How do you,
How to maintain business plans for growth while also having contingency plans for a possible recession. Read full article on Forbes
Earlier videos in this series helped viewers understand the stance of flexibility, handling key strategic initiatives with the risk of recession, and developing an economic contingency plan. This video helps business leaders use quantitative measures to trigger the contingency plan.
The fifth and last video in the series, Business Planning With Risk of Recession, this explains how to manage a business for a possible upside surprise, covering factors that could drive improvement in the economy, how to modify business operations