I don’t know for sure, but it would seem to me that when times are tough, and money is hard to come by, that would actually lead to greater innovation, creativity, and new entrepreneurship, because it forces people to cut out the fat and focus on the basics, and to be creative and get the most mileage out of what they have to work with. On the contrary, an era of supposed "economic vitality" with all its "easy money" leads businesses to get lazy, to pork up on too high salaries and bonuses for their employees, and not enough incentive to innovate.
Furthermore, hard economic times produce a more interesting, artistic sociocultural milieu, with more interesting art and music and film…kind of bohemian like. It will help bohemians to take back their neighorhoods from yuppies now that the yuppies are losing their i-banking jobs, etc.
What do you think? Is my reasoning valid or flawed?
Of course, Yes, recession is the best period for an entrepreneur to explore, try and use his creativity. In fact, only those with unique ideas and progressive thoughts get success during recession period.
Creative Thinking, Innovation, Creativity Training
#1 by K.J.Haroon Basha on October 29, 2009 - 11:10 am
Quote
Of course, Yes, recession is the best period for an entrepreneur to explore, try and use his creativity. In fact, only those with unique ideas and progressive thoughts get success during recession period.
References :
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