Recession Archives - Business Fitness

“Inflation is the parent of unemployment and the unseen robber of those who have saved.” – Margaret Thatcher

by Guy | 20 Apr, 2022 | Business - General, BusinessFitness, Disruption, Economy, Leadership, Productivity, Profitability, Recession, Risk, Strategy

Inflation is going to have a significant effect on business and individuals for the next few years. As we started to exit the pandemic and business started to get going again, energy prices started to rise quite sharply – two years of depressed demand had led to...

How Resilient is Your Business? Preparing for Risk.

by Guy | 30 Mar, 2022 | Board & Governance, Business - General, BusinessFitness, Disruption, Excellence, Leadership, Pandemic, COVID, Recession, Risk, Strategy, Success

McKinsey’s annual global board survey of some 1500 corporate directors showed only 7 percent of them believed their boards were “most effective” at risk management and only 40 percent say they are prepared for the next large crisis. If the largest businesses are not...

“There is nothing permanent except change.” – Heraclitus

by Guy | 7 Mar, 2022 | Board & Governance, Business - General, BusinessFitness, Disruption, Recession, Strategy, Success

I’ve talked a good bit about strategy, the need to keep it alive to react to changes in markets and competitors. The Greek philosopher, Heraclitus, pointed out 2500 years ago that change is always with us and, of course, the biggest current change that we need to...

“You can’t stop the waves, but you can learn to Surf.” – Jon Kabat-Zinn

by Guy | 14 Feb, 2022 | Business - General, BusinessFitness, Disruption, Growth, Recession, Success, Upturn

In the proverbial “stormy seas” of these times, what with energy concerns and price increases, staff problems, chip shortages, shipping issues, looming inflation and many others, there are certainly plenty of waves. But, as we know (and as King Cnut found out 1000...

“The book is called Opportunity and its first chapter is New Year’s Day.” – Edith Lovejoy Pierce

by Guy | 27 Dec, 2021 | Business - General, BusinessFitness, Motivation, Pandemic, COVID, Recession, Success, Upturn

Speaking with people recently has reinforced just how tough it has been for so many business owners and CEOs during the past two years of pandemic. We need, though, to look past this – to look ahead, not behind, and to find the opportunities these times present, and...

Is Your Business Ready for “The Perfect Storm”?

by Guy | 20 Oct, 2021 | Board & Governance, Business - General, BusinessFitness, Disruption, Economy, Leadership, Oil, Pandemic, COVID, Profitability, Recession, Strategy, Success, Upturn

I don’t know if you’ve seen this great MindBullet entitled “China’s Perfect Storm” which was “written from 30 years in the future”. For those of you unfamiliar with it, MindBullets sends out a weekly ‘bullet’ written ‘from the future,’ and looking back to things...