In Retail, Fat and Slow Suffer Deepest Wounds
This maxim also holds true for government intervention. While it is still too early to forecast winners or losers on the global scene, questions rage around what recovery model we should adopt and what specifically should we do to help local economies? The latter question has been consuming Europe for months as national governments seek to take action to help their own, while only giving scant notice of what the impact might be on the E.U.
The first question however is being asked in the United States and, oddly enough, in China as fears mount that the direct government input into its economies might not be enough to stem the tide of bad news. Both the U.S. and China, for example, have been questioning the very economic models upon which their nations were built.
The question remains what individual organizations should do to weather the storms. Unfortunately, many of the policy questions will offer little short-tem relief. Any wait for external assistance might be too long for some. Companies that are able to adapt, change and move in rapidly fashion stand a good chance of riding out the downturn and emerging in a much stronger position.