Part I. The wake-up call

In brief ...

Chapter 1: What happened?

  • Recessions happen; they're part of the regular cycle

  • Recessions can be painful: unemployment rises, income reduces, economies slow down, organizations weaken and ultimately collapse

  • Recessions can make us stronger; we return to core values; the fittest survive; and so on

  • The difference in 2008 was the speed and magnitude of what people witnessed

  • What started as a financial crisis rapidly became a crisis of trust—all amplified by the ease and speed of communication

  • Many organizations are taking tactical—not strategic—approaches for recovery, approaches that could deepen and extend the recession

Chapter 2: Cascading consequences

  • Ultimately we are talking about cascading consequences—consequences ...

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