Mar 15, 2011

Economy Prophecies are Self-Fulfilling

If it ain't broke. The economy is self-fulfilling with respect to reports. Reports say the economy is in decline, companies restrategize and cut back and the prophecy is fulfilled. Smart, agile companies assess their own strength in the market, use those strengths to succeed. Even in the Great Depression companies succeeded, not by buckling down, but by continuing to innovate.