O'Reilly logo

Managing Through Turbulent Times: The 7 rules of crisis management by Anthony Holmes

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

14. Planning for the future

Managers must assume that they face the short to medium term survival of the organisation in the expectation of a resumption in growth following the historical pattern of a ‘V’ shaped or ‘U’ shaped recession.

Most recessions are approximately symmetrical and while it is dangerous to presume that such symmetry is guaranteed, conclusions may be drawn from its absence.

Of course, the symmetry can only be perceived on the up-turn so the key pattern that managers must look for is whether the rate of decline is steeper or shallower than other ‘V’ shaped recessions. Coming out of a recession more slowly than the economy went into it suggests an ‘L’ shaped recession, most recently encountered by Japan in the 1990s when ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required