It’s the most extraordinary bubble burst ever since the end of the 1920’s and it might even take a few more years before we start feeling the angst to the full; for we should remember that the heart of the great depression was 1934 and not 1929. Yet, despite the incessant stream of gloom and voicing of bad news – which is reminiscent of Kal’s excellent frontpage for the Economist dated November 1997, i.e. the midst of the previous global meltdown in Asia – there is no guarantee that history will repeat itself. Thank God for that. ICT expert Stewart Baines from London even goes one step further suggesting that certain sectors – and the telecom sector in particular – is bound to benefit from the crash.
This question has attracted quite a few comments on the part of more experts on Linkedin (check here for details), which shows that the topic is hot and deserves more than just the gloom being delivered on the media (listening to ‘wake up to money’ on BBC radio 5 early in the morning produces the same result as a stroll in the temple of doom in the midst of Halloween). So the question is not to evaluate whether the slump is bad or awful, it’s about evaluating how we can do better business during these troubled times and focus on positive factors.
Read on on the Orange Live Blog dedicated to business value and ICT