Financial Services Industry
Industry: Email Alert RSS FeedSustainable strategies for a world of economic shocks: we live in a time of sudden and severe economic and geopolitical shocks. Senior finance executives can lead the creation of a business cycle-savvy management structure and culture that ensures rapid response to avert potential risks.(Cover story)
Financial Executive, April, 2006 by Navarro, Peter
Recessions and inflation. War, terrorism and nuclear threats. Housing bubbles and oil-price shocks. Ultra "easy money" followed by punishing Federal Reserve rate hikes. Soaring budgets and trade deficits. A falling dollar and stratospheric gold prices. Welcome to the new reality of economic risks and uncertainties. In such an environment, does your organization have full command of the range of strategies, tactics and forecasting tools needed to survive?
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For many companies, the answer is a resounding "no!" That's the conclusion reached following five years of research conducted as part of the "Master Cyclist" project at the University of California-Irvine. This study of more than 300 companies indicates that a surprisingly large...
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