Impact of the financial crisis: Is it personal or just business? — Business Management Daily: Free Reports on Human Resources, Employment Law, Office Management, Office Communication, Office Technology and Small Business Tax Business Management Daily
  • LinkedIn
  • YouTube
  • Twitter
  • Facebook
  • Google+

Impact of the financial crisis: Is it personal or just business?

Get PDF file

by on
in Small Business Tax

More business leaders expect the impact of the recent Wall Street troubles to impact them personally rather than their department and/or organization, says a new survey.

The majority (68%) of senior executives and managers expect the personal impact of the recent Wall Street troubles to be “significant,” according to a worldwide survey of 186 senior execs conducted by NFI Research.

Twenty-one percent of execs say the personal impact will be “extremely significant,” while almost half (47%) expect a “somewhat significant” personal impact.

Business leaders are split on how they see the impact of Wall Street’s recent financial trouble on their department and/or organization.

While half expect a “significant” impact on their department and/or organization, the other half see the impact as “insignificant.“

It appears the financial situation will hit home, literally, in the business world,” said NFI Research CEO Chuck Martin, author of SMARTS: Are We Hardwired for Success?

“The disaster on Wall Street reinforces the feeling that greed and lax regulations have contributed to the decline and demise of these firms,” said one survey respondent. “The decline in the market makes anyone who is retired or nearing retirement realize that their lifestyle will suffer considerably."

Related Articles...

Leave a Comment

Previous post:

Next post: