The UK national debt is fast approaching one trillion pounds and will exceed that number next year, according to the Office for Budget Responsibility. For most people, big numbers like this are pretty meaningless. So how can we really understand the scale of a trillion – one thousand, thousand million?
At the risk of sounding like Doctor Doom, 2010 is going to be a very tough year, but I do believe that there will be opportunities for resilient organisations (see previous blog on resilience. UK plc is in much worse economic state than the US and quite a bit worse than most major European nations. …
I have never played Dungeons and Dragons (an on-line fantasy game) but understand that it has a huge following. It’s a role-playing game where each participant is assigned a character which embarks upon imaginary adventures in a fantasy setting. Together, the characters solve dilemmas, engage in battles and gather treasure and knowledge. What’s really interesting …
We have supposedly seen some more “green shoots” of recovery over the last few weeks. It’s true that many companies have exceeded analysts’ expectations but their accounts reveal that, in most cases, this has been achieved by cutting costs rather than growing revenues. Microsoft, for example, announced its first ever sales drop this week, but …
It is easy for firms to become overwhelmed by recessionary doom and gloom at times like these. The reality is that most firms survive; it’s just that some survive better than others and emerge much stronger. This recession will almost certainly bite harder and deeper than the eighties or nineties recessions as a consequence of …