Wise Words

Yesterday morning I went along to hear Christine Christian of Dunn and Bradstreet speak as part of The West Australian’s Leadership Matters breakfast series. And it wasn’t pretty, she offered up a very frank account of the economic situation we are facing. Her opinions are very similar to mine in that despite what the headlines might be saying, I don’t believe we are seeing the beginnings of a recovery just yet. I am not sure that we are going to get off that easy. My sense is that we will be feeling this crisis until well into 2010 and talk of “green shoots recovery” may be a little overly optimistic feel good spin. I am not going to go into all of the finer details of the morning, but I have to say her last words were the most important. They went something like this ‘many businesses are going to realise and maximise the opportunities that are thrown up by this market and those businesses that do survive won’t act like victims.’ Wise words.