SPECIAL ADVISORY ARTICLES
Managing Through The Downturn
The following selection of articles and advisories is designed to provide you with pragmatic advice for handling some of the adversity and turbulence associated to managing and leading your firm through the current recessionary conditions.
Navigating A Few Continuing Bumps On The Road To Economic Recovery (2011)
According to many of the reports in the media, our economy is now expanding at an evergrowing pace. Unlike the last ‘green shoots’ illusion, many believe this “recovery" is real. The economy is getting back in gear. Everything is going to be okay.
Practically everyone believes that the economy is recovering . . . but there are a few continuing bumps that you need to take into account with your firm’s strategic planning. I’m not trying to be pessimistic here, but the facts are the facts. Housing and jobs are the twin pillars of household wealth in America. The papers are full of stories about what happens to people when these pillars give way. High unemployment rates have lowered household income and forced people to take jobs at salaries far below their peaks. A record
number, 40 million, of Americans now depend on food stamps. Children have been moving back in with their parents – even adult children. And tax receipts are falling. At the local and state level this is causing havoc. The feds can print money. But California, Illinois and New Jersey can’t. And between the 50 states there is something like $2 trillion worth of unfunded pension obligations.
Let’s take a closer look at some of the conditions that may very well make the road to recovery rather bumpy and protracted:
Planning For A Period Of Uncertainty (August, 2009)
Handling The Trauma of Layoffs (2009)
Keeping Morale Up (The LAB, 2009)
Searching For Opportunities Amidst The Gloom (2009)
Helping Clients Cope With The Economy (2009)
Managing Through A Prolonged Downturn (2008)
Maneuvering In The Downturn (2008)
Reflecting On Economic Adversity (The LAB, 2008)