"You get recessions, you have stock market declines. If you don't understand that's going to happen, then you're not ready, you won't do well in the markets."
Peter Lynch
Like sailors at sea always watching for the unexpected storm, managers must constantly be aware of the potential impact of stock market fluctuation; the "scorecard" of things beyond their control. Those who don't or who do not see financial turmoil as inevitable are not ready to manage.
Like sailors at sea always watching for the unexpected storm, managers must constantly be aware of the potential impact of stock market fluctuation; the "scorecard" of things beyond their control. Those who don't or who do not see financial turmoil as inevitable are not ready to manage.
I think the latest economic crisis will result in all management philosophies being rewritten. The economy will be very different and so too will there need to be new ways to manage.
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