Date post: | 08-Aug-2015 |
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Economy & Finance |
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“What we have learned is that the economy is in much worse shape than we thought it
was in.”VP Elect Joe Biden on ABC News December 2009
“More than one million homes are now in foreclosure, the highest rate ever recorded,
according to a trade group which warned that number will continue to climb.”
NEW YORK (CNNMoney.com)
The 22 bank failures so far this year compare with three for all of 2007 and are
far more than in the previous five years combined. It's expected that many more
banks won't survive the next year of economic tumult. The pressures of tumbling home prices, rising mortgage foreclosures
and tighter credit have been battering many banks, large and small, nationwide.
Sunshine Mortgage Corp., one of the oldest mortgage companies, and one
of the biggest, remaining in the Southeast, is closing its doors and
scrambling to find a last minute buyer, Atlanta Business Chronicle has learned.
January 8, 2009
According to the International Council of Shopping Centers, about 148,000 retail stores will have closed in 2008
7.2
That rate, the highest in 16 years, translates into 11.1 million Americans without jobs
Associated Press
But 7.2 percent doesn't capture how many people are out of work. By another measure — from the same employment report — as much as 13.5 percent of the labor force is
either unemployed or underemployed.Associated Press
•Change in Behavior
•Fear
•Suspicion
•Decline in trust of leaders
•Lack of confidence in business and government institutions
•More trust in family, close friends and social institutions
•Change in Lifestyles
•Lifestyle priorities
•Family
•Careers/jobs
•Leisure
•Migration to other areas
•Self sufficient
•Change in Consumption
•Consumer Propensity to Consume
•Consumer Choices
•Purchasing Patterns
•Priorities in Purchases
•“The Greatest Generation” learned to survive, sustain and grow
•Learned to accept and adapt to change
•Learned to improvise and work around to get things done
•Learned to overcome adversity
•Learned new stuff
“Organizations today suffer from a severe disability when it comes to solving problems. In virtually every organization, regardless of mission and function, people are frustrated by problems that seem unsolvable. Every attempt to resolve a problem results in unintended consequences that dwarf the original one. Relationships worsen as people harden into opposing positions, each side insisting on its own solution, unwilling to consider alternatives. Too many problem-solving sessions become battlegrounds where decisions are made based on power rather than intelligence.” Margaret Wheatley
Toyota Motor Corporation is famed for its ability to relentlessly improve operational performance. Central to this ability is the training of engineers, supervisors and managers in a structured problem-solving approach that uses a tool called the A3 Problem-Solving Method and Report.
•Fundamental Steps to Problem Solving
•Define the problem
•Break the problem down
•Find the “Root Cause” not symptoms
•Develop solutions
•Test solutions
•Implement and sustain solution
“So, first of all, let me assert my firm belief that the only thing we have to fear
is fear itself...”
Franklin D. Roosevelt