Discuss the below:
Knowing the cycles of business and when economic times might occur are part of the strategic planning process. Below is a chart I developed depicting the downturns in the US economy since the end of World War II. Note the government officially ended our current recession in June, 2009.
How might this chart help you in developing your strategic plan?
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Beginning Month
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Ending Month
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No. of Months
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February, 1945
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October, 1945
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8
|
|
November, 1948
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October, 1949
|
11
|
|
July, 1953
|
May, 1954
|
10
|
|
August, 1957
|
April, 1958
|
8
|
|
April, 1960
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February, 1961
|
10
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|
December, 1969
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November, 1970
|
11
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|
November, 1973
|
March, 1975
|
16
|
|
January, 1980
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July, 1980
|
6
|
|
July, 1981
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November, 1982
|
16
|
|
July, 1990
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March, 1991
|
8
|
|
March, 2001
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November, 2001
|
8
|
|
December, 2007
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June, 2009
|
18
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