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?