Compass Consulting

The Economy

It is impossible to ignore media, business and financial reports regarding the downturn in the global economy. Commentators have provided various views as to the causes and the actions required to ameliorate the situation. One of the more interesting perspectives has been proposed by Dr Merrelyn Emery, an Australian social scientist and co-author of 'The Search Conference: A Powerful Method for Planning Organizational Change and Community Action'. She has argued that many people failed to realise that the financial and economic markets are part of an open system - not a closed system with in-built equilibrium. Whilst this perspective may be too post-Keynesian for some, it is difficult to ignore the impacts of technology based feedback loops, social networks, asymmetric decision making and the 'people factor' - elements that traditional economic models can overlook.

The latest snippet April 2009 provides tips for organisations on what can be done during these times of business uncertainty. The previous snippet (February 2009) provided tips for the individual given the employment downturn.

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