The Global Economuc Financial Crisis has greatly impact so million lives today. Business has since change the way of capitalism, how companies are run, core competencies achieved and survival tactics to stay in today's business environment.
From long range planners and budgets' of economist and revenue strategist came the stamina of a struggling new small business self employed entrepreneur.
Today, corporate frenzied aloof prestigious business school graduates can no longer use merely their wits by being smart to get ahead of the game. This is about stamina, survival of the fittest, who knows to be multi-task, someone who can do the job from the lowest line employee function to the corner office power CEO or entrepreneur.
The times of corporate greed setting so many bureaucratic red tape, standards, measurements, analytics so as to impress investors and stockholders are no longer viable. Because if companies still continue this same kind of greedy mentality yes they will perhaps not only get turn-over of employees and suppliers but at the same they will lost that chance of getting the yes or outright sale.
When the predators ruled the world of the financial markets, perhaps we can set all the impressive so called standards to impress the greedy investors but where are they are now? Times had change as the reality is that the big guys now need the samll guys more than ever because not only do the small ones have the experience but they have the patience to deal with their idiotic regulations.
Even the so called big capitalist monopolize industries are now experiencing the pain, the more pressure you do on your loyal workforce and suppliers in terms of fullfillment rate, delivery dates, good quality time deliveries but at the same time pay longer will even convince these loyal patriots that you are just in business for your self.
Today's business has bartering back, lay-away's and auctioneering a sign that "cash" is the very much needed fuel more so than reputation or prestige. The business world is about survival today. A mere mistake of getting that greedy sale and delaying those payables will just eventually set the stage for every one else to fail.
When recession a la depression syndrome in the economy is experienced it is like rebuilding from a vast great natural disaster like wars and calamities. The idea should be the cycle of keeping the money flowing from one end to the other so that the entire economy benefits.
The changing trend in business amidst a global recession should be focus on injecting the much need cash to the very bottom in the consumer level, in the home based and small businesses rather than from the corporate bail-outs because no matter what government does that the money will never get down to the very end.
And then when it does not trickle down, they are asking what are they doing wrong that the effect is not immediate when they think they are are doing everything to fuel the economy? Again and again, why not start picking the economic team from the very bottom small home based businesses who lived on $1.00 a day or none so that we can completely analyze trajectory of the right stimulus needed and for the consumer to start spending again.