1 Year Since Lehman Collapse, Where Is The World Now?
News | Knowledge Seeker | September 19, 2009 at 7:57 am
Large numbers of companies are still in crisis one year on from Lehman Brothers collapse and most of the companies are still focused on cutting costs, reducing capital investments and head counts, a McKinsey & Co. survey found.
Survey also revealed that some companies have moved beyond merely coping with the crisis and are once again actively planning for the long term,
In the longer run, many executives expect the globalization of financial and other markets to resume after slowing notably in 2009. They also foresee additional significant changes in their industries and economies over the next five years, including a stronger government role in both. Nearly three-quarters of the executives expect their companies to be in a stronger position in five years than they were before the crisis. The executives also think that their industries will be more consolidated and innovative–but will grow more slowly.
Following News Stories were used to compile this story
A Third of Companies Still in Crisis, McKinsey Says
The Crisis One Year On: McKinsey Global Survey Results
Companies Find Ways To Increase Profits Under New Economic Conditions: Survey
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