gregore123
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Only by sensing the emerging opportunities will it be possible to achieve better results irrespective of the prevailing economic scenario in a country like the United States. With the burst of the housing bubble and the subsequent turmoil in the financial market, major economic changes have taken place in the capitalist world. People have now stopped spending on certain goods and services and the customer confidence is now at its lowest ebb. So there is a general gloom in the national economies in almost all the developed nations. Economists predict that a major change is possible only after a long period of time and that too when customer confidence is restored.
However, it is amusing to note that while the global players are expanding their operations in countries that were not much affected by the financial turmoil, to where will the small players with operations on a limited scale run to? They do not have any governmental support and they are not even mentioned in the bale out packages announced by the Obama administration recently. Another interesting aspect is that even after the bale out package has been announced, the firms that availed the financial support from the bale out package have not reported any positive results so far.
The present economic turmoil is and will always remain a case study for the management students from almost all the prominent business schools in the world. The question before the prominent management experts is how to get out of this situation at short notice or how to post profits even when the economic turmoil is continuing unabated.
Most of these management experts can study from the small players like rod aycox of the LoanMax fame. The LoanMax is continuously expanding its operations from humble beginnings with a small amount of money as its working capital. If this firm is posting profits, when the major lenders are in the red, it is due to the better management practices adopted by this small firm.
However, it is amusing to note that while the global players are expanding their operations in countries that were not much affected by the financial turmoil, to where will the small players with operations on a limited scale run to? They do not have any governmental support and they are not even mentioned in the bale out packages announced by the Obama administration recently. Another interesting aspect is that even after the bale out package has been announced, the firms that availed the financial support from the bale out package have not reported any positive results so far.
The present economic turmoil is and will always remain a case study for the management students from almost all the prominent business schools in the world. The question before the prominent management experts is how to get out of this situation at short notice or how to post profits even when the economic turmoil is continuing unabated.
Most of these management experts can study from the small players like rod aycox of the LoanMax fame. The LoanMax is continuously expanding its operations from humble beginnings with a small amount of money as its working capital. If this firm is posting profits, when the major lenders are in the red, it is due to the better management practices adopted by this small firm.
