For months the OODA C-Suite Report has underscored for our readers to expect a slowdown in the global economy. Many who track the explosion of government spending plus quantitative easing plus low interest rates came to similar conclusions, especially after the Russian attacks on Ukraine and the China Covid shutdowns. But it took evidence of higher than expected inflation before governments began to discuss this potential. Now many institutions and business leaders are openly discussing the potential for recession. World Bank president David Malpass is warning that “for many countries, recession will be hard to avoid.”  Jamie Diamond of JP Morgan has warned not just of potential clouds on the horizon, but an “Economic Hurricane”. Elon Musk put things in a unique way, saying he has a “super bad feeling” about the economy.
https://twitter.com/bobgourley/status/1537596569352081412?s=21&t=AvrPEEhs144e8fWTFth9Sg
Is the US in a recession? The way Jamie Dimon put it is “Who the hell knows!”
The way economists and government policy makers define the term recession means we will not know until economic data comes in and is evaluated and official pronouncements are made about lengthly, multi-quarter declines in the economy. Since recession is only declared months after markets shift, this is not necessarily the most important question for a CEO to be asking right now. What matters more is if your market is in a recession right now or if you anticipate your market will be in the future.
Your assessment of the environment of your market in the near future is especially important if you are building a new technology or creating a new line of business. It can be very hard to start something new in an environment where business spending is declining. But for those with vision and an executable strategy anything is possible. For those building new capabilities it can be inspiring to learn that many of the world’s greatest companies were started in economic downturns. A few of note include General Electric, IBM, General Motors, Disney, Microsoft, CNN, Apple, Netflix, Airbnb, Uber, Cloudera and FusionX.
https://twitter.com/awadallah/status/1524756502753415169?s=21&t=M-OQq0LOCBBEkhsmb7do1g
With that in mind, the following are considerations the C-Suite and entrepreneurs when it comes to preparing to survive and thrive in an economic downturn:
 
Become A MemberBecome A Member
Use OODA Loop to improve your decision making in any competitive endeavor. Explore OODA Loop
The greatest determinant of your success will be the quality of your decisions. We examine frameworks for understanding and reducing risk while enabling opportunities. Topics include Black Swans, Gray Rhinos, Foresight, Strategy, Stratigames, Business Intelligence and Intelligent Enterprises. Leadership in the modern age is also a key topic in this domain. Explore Decision Intelligence
We track the rapidly changing world of technology with a focus on what leaders need to know to improve decision-making. The future of tech is being created now and we provide insights that enable optimized action based on the future of tech. We provide deep insights into Artificial Intelligence, Machine Learning, Cloud Computing, Quantum Computing, Security Technology, Space Technology. Explore Disruptive/Exponential Tech
Security and resiliency topics include geopolitical and cyber risk, cyber conflict, cyber diplomacy, cybersecurity, nation state conflict, non-nation state conflict, global health, international crime, supply chain and terrorism. Explore Security and Resiliency
The OODA community includes a broad group of decision-makers, analysts, entrepreneurs, government leaders and tech creators. Interact with and learn from your peers via online monthly meetings, OODA Salons, the OODAcast, in-person conferences and an online forum. For the most sensitive discussions interact with executive leaders via a closed Wickr channel. The community also has access to a member only video library. Explore The OODA Community
Bob Gourley is the co-founder and Chief Technology Officer (CTO) of OODA LLC, the technology research and advisory firm with a focus on artificial intelligence and cybersecurity which publishes OODALoop.com. Bob is the co-host of the popular podcast The OODAcast. Bob has been an advisor to dozens of successful high tech startups and has conducted enterprise cybersecurity assessments for businesses in multiple sectors of the economy. He was a career Naval Intelligence Officer and is the former CTO of the Defense Intelligence Agency.

source

Lascia un commento

Il tuo indirizzo email non sarà pubblicato. I campi obbligatori sono contrassegnati *