Viewpoint — July 2010
Double Dip – Not Just an Ice Cream Term Anymore
Written by Bob Gershberg, Managing Partner Wray Executive Search
As we enter second quarter earnings season this week, trepidation abounds with talk of a double dip recession. At the risk of sounding overly optimistic, perhaps even a bit bullish, we do expect earnings to be palatable in the retail and restaurant sectors. Not many will knock top line revenues out of the park nor will most show earnings worthy of celebration but industry resilience will prevail.
A convergence of conflicting news tends to dampen the drive for forward momentum. Decisions come far more slowly. Leaders spend more time second guessing than allowing their inherent confidence trait to gain dominance in their strategic thinking.
If the challenges of high unemployment have you nervous, they should. At the risk of sounding Kudlowesque, it is business not government that creates jobs. I suspect or at least I hope this is becoming more apparent to our current administration.
The second half will be better than the first, but we will all have to work a little bit harder for it!
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Bob Gershberg |Managing Partner|
bob.gershberg@dickwray.com
(888) 875-9993 ext 102
Finding tomorrow’s leaders today!
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