Americans around the nation are wondering when a new economic stimulus package that includes $1,200 stimulus checks, more funding for unemployment benefits, and a provision to stem the pending eviction crisis will be passed.
Over 16 million Americans are still unemployed, with over 30 million collecting jobless benefits. The coronavirus’s continued spread, combined with the Trump administration’s lackluster response to the pandemic, has many doubting whether they’ll be able to find a job quickly.
On August 8, President Trump issued an executive order and accompanying memoranda due to failed negotiations with Congress for a new stimulus package. At first glance, his executive actions appeared to be able to serve as a bridge until a more robust package could be agreed upon and passed. However, further analysis has shown that the measures fall short and that they may overreach the president’s executive powers.
White House and Congress negotiators agree that
Shifting your portfolio toward growth sectors can help you emerge stronger from the downturn
“Which business should we be in?”
Most CEOs have asked this question at least once. Now, our research shows that business leaders should be asking it regularly. A new analysis my colleagues and I recently conducted of 1,000 global companies’ performance over a decade—spanning downturn, recovery and growth periods—makes a compelling case for keeping your company’s business mix on the move.
Many CEOs understand in principle the value of shifting the corporate portfolio to address new growth opportunities. Yet we found that roughly half of our sample barely changed their business mix at all during the decade we studied. Those that did make deliberate and regular business shifts were rewarded with consistently higher returns and were less likely to be acquired or go bankrupt. Why? Because as the markets and trends changed, so did they.