Economic shocks also have a huge impact on organizations. During the great recession of 2007 to 2009, millions of jobs were lost worldwide, home values dropped dramatically, and many large, well-known corporations like Merrill Lynch, Countrywide Financial, and Ameriquest disappeared or were acquired.

Recovery has occurred in many countries, and with it, new job prospects and investments. Other countries, like Greece and Spain, struggle to regain their economic footing, limiting the economic viability of many Greek and Spanish organizations. LO.1