Leadership on Point

Coming Out of Hibernation: Beware the Bear

April 5, 2012 Richard Levin

Bull Bear Market + Coming Out of Hibernation: Beware the Bear

For five years, we’ve been managing our expectations downward.  It’s become part of our psyche to manage with less, stifle creativity, and look over our shoulders.

Not that we are ready to be doing triple back-flips or anything, but there are signs (dare I say “encouraging” ones?) that we are moving toward a period of renewed growth and hope.  What I’m hearing from the executives I coach – a robust cross-section of American business leaders – is that they expect to do more hiring, plan to modestly introduce new products and services, anticipate keeping salaries relatively flat for a while longer, and worry about volatile gas prices.  That’s why the no-back-flips reference: credit is still tight, energy prices are high, global economies are still unstable, and the overall picture is still shaky.  But business leaders I’m talking to seem encouraged by an increase in U.S. exports, by consumers spending less on overseas goods and services, and by factories gearing up in anticipation of more consumer spending.

It seems safe to start thinking creatively again.

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