Is Your Management Team Prepared for Recession?

A business manager with 25 years of experience today has worked through two recessions.

Compare that to a generation ago:  in 1983, a manager with 25 years of experience would have worked through FIVE recessions.

Whether the current economy is going into recession, or merely a "recessionette," your senior company’s management team needs to get its head above the day-to-day issues and think about what it will do if the economy turns really ugly.  Put aside for a while the question of how bad the slowdown will be.  You will gain more from contingency planning than from trying to figure out which of us economic gurus has the best forecast.

My simple four step process for economic contingency planning is described here, but you really should go to the book on how to adjust your business decisions to the changing economy.