From the President...
Dear Members and Friends
As the media bombards us with headlines about bankruptcies, foreclosures, unemployment, global recession etc, one starts asking the question if there is any good news left...
President’s Message Dear Members and Friends As the media bombards us with headlines about bankruptcies, foreclosures, unemployment, global recession etc, one starts asking the question if there is any good news left. And sure enough, after looking a little closer, good news is all around us. On a macroeconomic level Governments all over the world including the US are issuing stimulus packages to support their economies. Interest rates are low and the stock market is at a historic low level. (Remember the simple concept of “buy low sell high”, here is an opportunity) We have a brand new Government and no reason to be pessimistic. For those of us who still have their income lets get excited and keep spending to build the next great economy. On a more local level, BMW is in its final phase of expansion which will create new jobs. Areva, a power generation company can’t find enough engineers and Volkswagen will be building a brand new assembly plant in Tennessee. On top of all this we have the wonderful support of our School, full of resources ready for us to use. Just as an example let me draw your attention to one of the latest newsletters with real time advise for the current situation and how to move through this economic cycle:
What Not to Do in a Recession Many people make “to-do” lists, but this Harvard Management Update article outlines a “what-not-to-do” list. Your company will be better positioned to make the most of the economic recovery by guarding against these five errors in strategic judgment:
1. Delaying decisions that will improve the long-term health of your organization
2. Assuming that the smart way to ramp up is always cautiously and incrementally
3. Attempting to bulletproof your company by moving into recession-resistant businesses
4. Trying to broaden your customer base during a downturn
5. Assuming that a recovery is based on what leaders do, not on what they think
Click here to read the full article, "What Not to Do in a Recession"
In addition, your HBS Club of Charlotte is working diligently to provide you with even more value in these times.
Our next event will be a real highlight allowing us to learn about the root of all businesses: Research.
Dan Campbell our Chief Programming Officer has arranged for an exciting program at the North Carolina Research campus on Feb 19th. Then, mark your calendars to have some fun ice skating on March 1st. We are also working on a career support event. Just keep checking our website www.hbscharlotte.com for further details. These are tough times but they also represent opportunities - let’s capture them! See you on the 19th.
Until then
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