Crisis that we pretend to ignore
The crisis which has affected the region in various ways has given a bleak economic outlook for people and businesses. In other parts of the world stimulus packages are being prepared to aid ailing sectors and prevent further income loss, bankruptcies and job cut
At the moment, there is much speculation on how the region is eventually affected by the crisis however there is reassurance from the government that the effect is minimal and manageable. The government in fact injected fresh funds to banks and its stock markets to stimulate renewed investment climate. The challenge therefore lies within the coping capacity of local and international companies based in the country. More than being liquid and beyond its ability to dodge the impact of the crisis, there is a need to integrate greater sustainability practices in the core strategy of businesses. Such a move will ensure quick recovery and sustainability at the same time.
Executive Board Member at Global Organization for Security and Intelligence IOSI
9yTrue
Chair of Expothon Worldwide, a think tank for advancing the SME programs on "National Mobilization of SME Entrepreneurialism" across 100 countries. A recognized authority on new economic thinking on SME mobilization.
9yIt's very true, Fahed, what we call 'focus' is really 'out of focus' and what we refer to as 'vision' is often 'hallucination' ...what we need is to revisit the entire business model... the illusion of prosperity is very dangerous