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January 24, 2008
What not to do in a recession
Speaking of stimulus and recessions, Bruce Nussbaum has some advice on 10 Worst Innovation Mistakes In A Recession. They include firing talent, cutting R&D and stopping growth. Most of these boil down to warning against the standard response: retrenchment. Roger Martin makes a similar point in a recent interview: the key is to position the organization for a return to growth.
The same is true for public policy. Let us use this time to examine where the problems are and create economic policies for long term growth in the I-Cubed Economy. And by the way, that also means getting out of the current just-cut-taxes mindset. Government has a role to play - we need to acknowledge that positive role and move on.
Posted by Ken Jarboe at January 24, 2008 10:55 AM
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