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Author: Patrick Duong
Publisher:
ISBN: 9781790444342
Category :
Languages : en
Pages : 129
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Book Description
Recession is Opportunity Learn how to prepare and win big with the next recession. During the Great Recession, eight million Americans lost their jobs, four million homes were foreclosed each year, and two and a half million businesses closed from 2007 through June of 2009. How did the recession affect you, your family, and your company? "It's a recession when your neighbor loses his job; it's a depression when you lose yours." - Harry S. Truman Most people think of recessions as being all bad. Truthfully, for most people, they are a time of cutting back on spending and attempting to make more conservative purchasing decisions. Though for a select group of industries, a recession may lead to an increase in business, perhaps even an opportunity to thrive or grow the businesses extensively. If you let history be your guide, success, and failure both leave clues, particularly during a recession. In this book, you will learn the following: ▪ Connect the dots and what gave birth to the Great Recession. ▪ Protect your family and the company you worked so hard to build. Don't let a recession take it all away from you. ▪ Protect your life savings from your kid's college fund, pension, retirement plans, and so forth. ▪ The health industries were affected very little by the recession, how and why. ▪ Grow and scale during tough times. ▪ Why you should go all-in during a recession and not play conservative. ▪ How the recession affected Millennial's, Gen-Xers, and Baby Boomers. "It is better to be prepared for an opportunity and not have one than to have an opportunity and not be prepared." - Whitney M. Young Are you a business owner? Would you like to learn the following? Pay yourself: Pay yourself well so you can serve more people and have time for family and other things in life. Sell: Bring the money in the door. Sell the right things to the right customers. Price: Price so that everything you do is profitable. Spend: Spending by plan keeps more in your pocket. Hire: Hire and keep good people to boost your business and profitability. Manage: Manage your money like a fine tool; watch your money like a hawk. Profit: Plan for profit, not just revenue. Keep your cash flow positive. Protect: Protect and preserve your hard-earned money from all risks. Save: Build a cushion for tough times and a fund for growth. Borrow, invest: To grow and take advantage of opportunities, use debt and investment capital prudently.
Author: Patrick Duong
Publisher:
ISBN: 9781790444342
Category :
Languages : en
Pages : 129
Get Book Here
Book Description
Recession is Opportunity Learn how to prepare and win big with the next recession. During the Great Recession, eight million Americans lost their jobs, four million homes were foreclosed each year, and two and a half million businesses closed from 2007 through June of 2009. How did the recession affect you, your family, and your company? "It's a recession when your neighbor loses his job; it's a depression when you lose yours." - Harry S. Truman Most people think of recessions as being all bad. Truthfully, for most people, they are a time of cutting back on spending and attempting to make more conservative purchasing decisions. Though for a select group of industries, a recession may lead to an increase in business, perhaps even an opportunity to thrive or grow the businesses extensively. If you let history be your guide, success, and failure both leave clues, particularly during a recession. In this book, you will learn the following: ▪ Connect the dots and what gave birth to the Great Recession. ▪ Protect your family and the company you worked so hard to build. Don't let a recession take it all away from you. ▪ Protect your life savings from your kid's college fund, pension, retirement plans, and so forth. ▪ The health industries were affected very little by the recession, how and why. ▪ Grow and scale during tough times. ▪ Why you should go all-in during a recession and not play conservative. ▪ How the recession affected Millennial's, Gen-Xers, and Baby Boomers. "It is better to be prepared for an opportunity and not have one than to have an opportunity and not be prepared." - Whitney M. Young Are you a business owner? Would you like to learn the following? Pay yourself: Pay yourself well so you can serve more people and have time for family and other things in life. Sell: Bring the money in the door. Sell the right things to the right customers. Price: Price so that everything you do is profitable. Spend: Spending by plan keeps more in your pocket. Hire: Hire and keep good people to boost your business and profitability. Manage: Manage your money like a fine tool; watch your money like a hawk. Profit: Plan for profit, not just revenue. Keep your cash flow positive. Protect: Protect and preserve your hard-earned money from all risks. Save: Build a cushion for tough times and a fund for growth. Borrow, invest: To grow and take advantage of opportunities, use debt and investment capital prudently.
Author: David B. Grusky
Publisher: Russell Sage Foundation
ISBN: 1610447506
Category : Business & Economics
Languages : en
Pages : 342
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Book Description
Officially over in 2009, the Great Recession is now generally acknowledged to be the most devastating global economic crisis since the Great Depression. As a result of the crisis, the United States lost more than 7.5 million jobs, and the unemployment rate doubled—peaking at more than 10 percent. The collapse of the housing market and subsequent equity market fluctuations delivered a one-two punch that destroyed trillions of dollars in personal wealth and made many Americans far less financially secure. Still reeling from these early shocks, the U.S. economy will undoubtedly take years to recover. Less clear, however, are the social effects of such economic hardship on a U.S. population accustomed to long periods of prosperity. How are Americans responding to these hard times? The Great Recession is the first authoritative assessment of how the aftershocks of the recession are affecting individuals and families, jobs, earnings and poverty, political and social attitudes, lifestyle and consumption practices, and charitable giving. Focused on individual-level effects rather than institutional causes, The Great Recession turns to leading experts to examine whether the economic aftermath caused by the recession is transforming how Americans live their lives, what they believe in, and the institutions they rely on. Contributors Michael Hout, Asaf Levanon, and Erin Cumberworth show how job loss during the recession—the worst since the 1980s—hit less-educated workers, men, immigrants, and factory and construction workers the hardest. Millions of lost industrial jobs are likely never to be recovered and where new jobs are appearing, they tend to be either high-skill positions or low-wage employment—offering few opportunities for the middle-class. Edward Wolff, Lindsay Owens, and Esra Burak examine the effects of the recession on housing and wealth for the very poor and the very rich. They find that while the richest Americans experienced the greatest absolute wealth loss, their resources enabled them to weather the crisis better than the young families, African Americans, and the middle class, who experienced the most disproportionate loss—including mortgage delinquencies, home foreclosures, and personal bankruptcies. Lane Kenworthy and Lindsay Owens ask whether this recession is producing enduring shifts in public opinion akin to those that followed the Great Depression. Surprisingly, they find no evidence of recession-induced attitude changes toward corporations, the government, perceptions of social justice, or policies aimed at aiding the poor. Similarly, Philip Morgan, Erin Cumberworth, and Christopher Wimer find no major recession effects on marriage, divorce, or cohabitation rates. They do find a decline in fertility rates, as well as increasing numbers of adult children returning home to the family nest—evidence that suggests deep pessimism about recovery. This protracted slump—marked by steep unemployment, profound destruction of wealth, and sluggish consumer activity—will likely continue for years to come, and more pronounced effects may surface down the road. The contributors note that, to date, this crisis has not yet generated broad shifts in lifestyle and attitudes. But by clarifying how the recession’s early impacts have—and have not—influenced our current economic and social landscape, The Great Recession establishes an important benchmark against which to measure future change.
Author: J. C. G. Halley
Publisher:
ISBN:
Category : Management
Languages : en
Pages :
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Book Description
Author: Geoff Colvin
Publisher: Hachette UK
ISBN: 1857884353
Category : Business & Economics
Languages : en
Pages : 212
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Book Description
Never waste a crisis - the current recession is a turning point into a new economic world, a world full of opportunity for those who understand what's happening, why it's happening, and what it means for them. Some businesses - and some people - will emerge from this downturn stronger and more dominant than when it started. Others will weaken and fade. It all depends on critical choices they make right now. Geoff Colvin, one of world's most respected business journalists, says even the scariest recession has an upside. The best managers know that conventional thinking won't help them win in these tough times. They're taking smart, practical steps that will not only keep them strong, but will also distance them from the pack for years to come. The dozens of top-performing leaders Colvin interviewed reject the common view that slashing costs and firing employees is all that matters. They see the recession as a rich opportunity to restructure, reinvent and reimagine their businesses and lay the groundwork for future growth. Written in Colvin's characteristic reader-friendly style, "The Upside of the Downturn" shows how anyone - from small business owner to global conglomerate CEO - can benefit from his ten solidly grounded strategies. He shows how to find opportunities that will increase your company's competitiveness and build its long-term value. For example: reset priorities. Easy to say, harder to do. Pursuing the lofty goals set in good times can be disastrous now; re-evaluate people and steal some good ones. Mass layoffs are a tempting way to cut costs, but great companies often find smarter alternatives. And if your competitors are unwise enough to fire their best people, grab them; keep investing in the core. Trim the fat from your budgets but not the muscle. The best companies actually increase some spending in a recession, funding the areas that make them unique and valuable; and, price with courage. Many companies assume they must - yet the long-term damage often outweighs the short-term boost. Colvin shows how these strategies really work, using examples of major companies that have applied them with inspiring results and discovered those hidden gems of opportunity and those elusive 'green shoots' of recovery.
Author: Ranjay Gulati
Publisher: HarperCollins
ISBN: 0063088932
Category : Business & Economics
Languages : en
Pages : 326
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Book Description
Thinkers50 Top 10 Best New Management Books for 2022 A distinguished Harvard Business School professor offers a compelling reassessment and defense of purpose as a management ethos, documenting the vast performance gains and social benefits that become possible when firms manage to get purpose right. Few business topics have aroused more skepticism in recent years than the notion of corporate purpose, and for good reason. Too many companies deploy purpose, or a reason for being, as a promotional vehicle to make themselves feel virtuous and to look good to the outside world. Some have only foggy ideas about what purpose is and conflate it with strategy and other concepts like “mission,” “vision,” and “values.” Even well-intentioned leaders don’t understand purpose’s full potential and engage half-heartedly and superficially with it. Outsiders spot this and become cynical about companies and the broader capitalist endeavor. Having conducted extensive field research, Ranjay Gulati reveals the fatal mistakes leaders unwittingly make when attempting to implement a reason for being. Moreover, he shows how companies can embed purpose much more deeply than they currently do, delivering impressive performance benefits that reward customers, suppliers, employees, shareholders, and communities alike. To get purpose right, leaders must fundamentally change not only how they execute it but also how they conceive of and relate to it. They must practice what Gulati calls deep purpose, furthering each organization’s reason for being more intensely, thoughtfully, and comprehensively than ever before. In this authoritative, accessible, and inspiring guide, Gulati takes readers inside some of the world’s most purposeful companies to understand the secrets to their successes. He explores how leaders can pursue purpose more deeply by navigating the inevitable tradeoffs more deliberately and effectively to balance between short- and long-term value; building purpose more systematically into every key organizational function to mobilize stakeholders and enhance performance; updating organizations to foster more autonomy and collaboration, which in turn allow individual employees to work more purposefully; using powerful storytelling to communicate a reason for being, arousing emotions and building a community of inspired and committed stakeholders; and building cultures that don’t merely support purpose, but also allow employees to link the corporate purpose to their own personal reasons for being. As Gulati argues, a deeper engagement with purpose holds the key not merely to the well-being of individual companies but also to humanity’s future. With capitalism under siege and relatively low levels of trust in business, purpose can serve as a radically new operating system for the enterprise, enhancing performance while also delivering meaningful benefits to society. It’s the kind of inspired thinking that businesses—and the rest of us—urgently need.
Author: Geoffrey Colvin
Publisher:
ISBN: 9781101100769
Category : Business cycles
Languages : en
Pages : 182
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Book Description
Author: Jeffrey R. Brown
Publisher: University of Chicago Press
ISBN: 022620183X
Category : Business & Economics
Languages : en
Pages : 343
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Book Description
The recent financial crisis had a profound effect on both public and private universities. Universities responded to these stresses in different ways. This volume presents new evidence on the nature of these responses and how the incentives and constraints facing different institutions affected their behavior.
Author: Kok Bin Ong
Publisher:
ISBN: 9789679786507
Category : Business cycles
Languages : en
Pages : 106
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Book Description
Author: Oregon. Office of the Secretary of State
Publisher:
ISBN:
Category : Oregon
Languages : en
Pages : 208
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Book Description
Author: M. Ayhan Kose
Publisher: World Bank Publications
ISBN: 1464815283
Category : Business & Economics
Languages : en
Pages : 475
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Book Description
This year marks the tenth anniversary of the 2009 global recession. Most emerging market and developing economies weathered the global recession relatively well, in part by using the sizable fiscal and monetary policy ammunition accumulated during prior years of strong growth. However, their growth prospects have weakened since then, and many now have less policy space. This study provides the first comprehensive stocktaking of the past decade from the perspective of emerging market and developing economies. Many of these economies have now become more vulnerable to economic shocks. The study discusses lessons from the global recession and policy options for these economies to strengthen growth and prepare for the possibility of another global downturn.
