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Business Planning with a Risk of Recession: The Stance
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 series of videos, you will learn how to deal with the weirdness that comes from planning your business operations when the consensus economic forecast calls for moderate growth, but there is also a strong risk of recession. -
Business Planning with Risk of Recession, video 2: Key Strategic Initiatives
Business Planning With a Risk of Recession: Key Strategic Initiatives
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, as a business leader, prepare your company for growth if it occurs, but also protect it from recession? -
Business Planning With Risk of Recession, video 3: Economic Contingency Plans
How to maintain business plans for growth while also having contingency plans for a possible recession. -
Business Planning With Risk of Recession: Using Check Points
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. I call the specific levels at which contingency plans will be implemented Check Points. -
Business Planning With Risk of Recession: Upside Potential
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 today to be well prepared if the economy improves, and a look at optimal business strategy during an economic expansion.
