Wave good-bye to the last holdouts. Until very recently, we knew food and energy prices were exerting strong downward pressure on the economy, but we still believed the system could weather the storm. The complexity and global scope of the credit crisis have changed our thinking. Even with a huge Fed restructuring, we anticipate an extremely tough fourth quarter and perhaps an even tougher first half of ' 09.rnBut enough about that. The second part of your question is what counts right now. Because no matter how dire the economy becomes, managers everywhere still need to wake up every morning, go to work, and pave a path to the other side-and abetter future.rnHow? There are probably dozens of answers to that question; think of all the management advice promulgated when the going was good.
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