By Chaotics in Chaotic Strategies at March 19th, 2009
Recent posts have covered The New Normality and the radically different environment facing businesses. More to come soon on The Age of Turbulence!
This is certainly a new period and we’re all facing it together. We come here to learn from each other so we’d like to hear what you’re doing in the new environment. How has your business changed and what experiences have you had (both positive and negative) in dealing with The New Normality?
Please visit the “Chaotic Strategies” tab at the top of the page to contribute your own stories. All will be reviewed and the most insightful will be posted online. We’re all learners and hope to share for mutual benefit.
By Chaotics in Business strategies, Chaotics, The New Normality at March 19th, 2009
Chaotics investigates in detail the changing business environment coined The New Normality, the notion that the world is fundamentally different as a result of the evolving economic, financial, political and social landscapes. These changes are not temporary but rather permanent. The McKinsey Quarterly has a great article on The New Normal, which clearly articulates many of these changes:
“It is increasingly clear that the current downturn is fundamentally different from recessions of recent decades. We are experiencing not merely another turn of the business cycle, but a restructuring of the economic order.”
The article accurately notes that going forward there will be new challenges, but opportunities remain:
“The business landscape has changed fundamentally; tomorrow’s environment will be different, but no less rich in possibilities for those who are prepared.”
Built on this belief, Chaotics is the fundamental tools and new business strategies to cope with The New Normality and to be successful. Please leave a comment with any observations you have on how the business world is changing fundamentally.
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