It is such a choppy market out there. The media is having a field day bringing up the ‘R’ word every other breath—( CNBC, Bloomberg, etc) and worrying about the end of the Euro–the demise of Greece –financial institution contagion. The DOW’s tumble today notwithstanding we are not anywhere near the scary times of fall 08. The market was in free fall then and I was ready to hang my ( then) money manager.
What is happening, now? In our perspective here our clients are certainly concerned about what is going on but they are retaining us for their most important search assignments at the fastest pace in 5 years! Executive search firms can be viewed as a reliable market place barometer….
What does this mean to your organization? If your cash flow is solid and the prospects remain good—you may want to be bold—take advantage of the lowest rates in 50 years and move forward with your growth initiatives. I beleive you will be in good company. Organizations like Clorox, Kimberly Clark, Apple, Honeywell, Dow Chemical and the like ( the strongest US corporations) are not sitting on their hands during this choppy and uncertain time. The best universities are taking the same tack—they are making moves when others are wringing their hands.
From our perspective here —the search assignments are pouring in and our phone is ringing for more assignments every day! A year ago? It was an entirely different scenario. I have a strong belief that when people decide to use our service there is strong belief in the future of their organization.
Take heart—all this brouhaha will be over eventually. I hope you will be able to make the right decisions for your business and profit from your confidence in what you believe will happen.
All the best