Question
Advanced economies are emerging from the worst financial recessions in modern times. Many developed nations have implemented austerity measures to adjust the deficit caused by
Advanced economies are emerging from the worst financial
recessions in modern times. Many developed nations
have implemented austerity measures to adjust the deficit
caused by massive spending during the years of cheap
and available credit facilities. New industrial policies are
also implemented at national and regional levels to police
banks and financial institutions as measures of avoiding
further economic problems in the future. The austerity
measures and policy changes have forced industries and
business practices to change.
1. What changes do you think this might cause in the
immediate task environment for a business operating
within the financial service industry?
2. How do these changes impact on corporate, business,
and functional level strategies of financial service
businesses? Are these changes going to affect
you as customers?
3. How do you think a learning organization would act
in this dynamic environment? What survival chances
do the stagnant organizations have?
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