Calm within the Storm or Complacency?
In my discussions over the past few months, I find a lot of inaction both from an investment and business standpoint. Many investors and managers seem to be watching the markets gyrate without making any moves. Similarly, there seems to be paralysis on the business side. Since firms are suffering from a profitability standpoint, they seem to be frozen, or cutting costs without much strategic thought.
Some consider this inaction prudent; they are exercising a sense of calm within the storm. Another description might be complacency. They are neither taking actions to avoid additional risk, capitalize on opportunity, or manage their business proactively. While it has been difficult to keep up with the volatile environment, managers who have well thought through strategies, and execute efficiently, are likely to be those that take most advantage of the tumultuous times.
Add comment September 14th, 2009
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