Published: 02-Apr- 2007 | Product Category: Risk Consulting
| Comments: 0
The wide range of challenges facing business in the current environment has radically changed corporate and managerial priorities. The harsh reality is that many—if not all—companies face serious ramifications from the financial crisis. With credit markets struggling, cash constraints are a major issue.
Consumer and business spending have fallen dramatically, forcing many firms to downsize, leading to layoffs and increased unemployment. Many companies are selling off assets as they restructure during the worst U.S. recession in decades. For some this is happening in the midst of bankruptcy proceedings; for others, in an effort to stave off financial crisis. Flexibility and transformation have become top priorities.