Word: downturning
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...companies remain dismissive about the financial downturn-and unprepared to seize the opportunities it presents: "Companies are still underestimating the size and scope of the economic crisis. They are generally too optimistic about their own performance and believe that they have taken sufficient steps to respond to the crisis. They often tend to be too inward-looking in their forecasts, relying on their own 2008 experience rather than fully assessing the changing external environment: managers do not like to create or accept negative plans. Consequently, although taking action, companies have not adopted the steps either to protect themselves from...
...combat global warming. Rich nations are squeamish about committing to extreme measures without help from major developing nations like China and India, which will be responsible for the lion's share of new carbon emissions in the decade ahead. And all leaders are feeling the squeeze of the economic downturn, which has shunted public attention from global warming and stalled investments in renewable-energy technologies - without which, countries won't be able to meet any emissions-reduction targets they may agree...
That guy, by the way, as well as a top-flight designer, liked Tayman's idea so much he agreed to take less than his usual fee for equity in the company. See how launching in a downturn works? (See the 25 best blogs...
Riding the Downturn That's certainly true for Joe Gebbia and Brian Chesky. Classmates at the Rhode Island School of Design (RISD), they moved to San Francisco a few years ago with the vague intention of starting a business. Their eureka moment occurred in October 2007 when a huge design conference decimated the supply of hotel rooms in the city. They decided to try their idea without mapping it out. (See which businesses are bucking the recession...
...years, confronting a cauldron of economic and legal risk, but he says those pressures can't compare with what he faces back home: a young wife who hasn't been able to work since experiencing complications during childbirth four years ago and a rural hometown where the global downturn hit with brutal effect almost two years...