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In a period of economic downturn, the overwhelming instinct is to pare back, cut costs, and lay off. If you do that, do so with your strategy in mind. The worst mistake is to cut across the board. Instead, reconnect and recommit to a clear strategy that will distinguish yourself from others.
You create your life, and you can recreate it, too. In times of economic downturn and uncertainty, it's more important than ever to look deep inside yourself to fathom the sort of life you really want to lead and the talents and passions that can make that possible.
The most effective way to shake an economy out of a terrible downturn when we're at the zero lower bound is an aggressive change in policy that makes people wake up, say 'this is a new day' and change their expectations.
A perfect storm is in the making: financial uncertainty, economic downturn, government cuts, rising unemployment and a future that looks less clear the more we try to fathom it.
High gas prices are eating away at consumer's disposal income and could lead to a further economic downturn, especially for those whose livelihood depend on gasoline and diesel fuel.
You know, if I listened to Michael Dukakis long enough, I would be convinced we're in an economic downturn and people are homeless and going without food and medical attention and that we've got to do something about the unemployed.
I talk to a lot of librarians, and there's always a steady drumbeat of how libraries are places of community. But a lot of them have also recently - and just in the nick of time - refurbished, because during this economic downturn, people have a tendency to borrow instead of buy.
Protectionism is a very real danger. It is understandable that in times of a severe downturn protectionist pressures mount but the lessons of history are clear. If we give in to protectionist pressures, we will only send the world into a downward spiral.
A crash really occurs when you suddenly have a violent downturn in the market that then heralds a long bull market.
Because of piracy there has been a massive downturn in people buying music, which makes it more difficult for artists to make money from the sale of records.
I managed Hewlett Packard through the worst technology downturn in 25 years, the dotcom bust.
The evergreen story of people in debt becomes even sexier in an economic downturn, when debts inevitably get harder to pay.
The downturn following the collapse of Japan's so-called bubble economy of the 1980s was not as severe as the Great Depression.
Even without an economic downturn, women sometimes want to keep their shopping habits to themselves.
Women's golf definitely hit a bump in the road. We lost some tournaments due to a combination of things led by the downturn in the economy.
The impact of the downturn is starting to feel very real. House prices and the housing market have been taking the knock for some time and that's affecting people.
The President's political travel is going to get blamed (and probably rightly) for a share of this downturn.
Most analysts would agree that if all the undocumented immigrants in California were deported in one day, our state would experience a severe economic downturn. This does not even consider the many cultural and spiritual gifts these immigrants bring to our state and nation.
Raising taxes in an economic downturn is not a good idea.
This crisis is not simply a more severe version of the usual business cycle recession, the typical downturn in which economies ultimately adjust and stabilize.
Regardless of whether we are in an upturn or a downturn, our goal is to ensure the Volkswagen Group reaches the top of the automotive industry.
A. P. J. Abdul Kalam
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