Alan Weiss’s Monday Morning Memo® – 09/19/11
September 19, 2011—Issue #104
This week’s focus point: This is our two-year anniversary of Monday Morning Memo®. (I’ve reprinted the original one below.) Thanks for being a part of it. I’m writing this from Amalfi, on the Gulf of Sorrento. We hear and read frightening things about the Italian economy every day, but you’d never know it during the two weeks we’ve been traveling. People are wonderful, restaurants are crowded (at all expense levels), and no one seems panicked. Of course, we’ve had limited exposure to news sources, which I think is relevant. When you pay people to talk and write about catastrophe (viz.: the recent Hurricane Irene), they talk and write about catastrophe. There are too many lows and highs perpetuated by incorrect perceptions. What is the reality of your business and your universe? Are you helping to shape it, or merely listening to those who try to shape it for you?
Original issue focus point: We’re seeing some countries rebounding economically (Germany) better than others (UK). We’re seeing some sectors of the US economy rebound better (health care) than others (new home sales). Like a stock portfolio, your customer and client base should be as diversified as possible. And bear in mind that the majority of the firms on the current Fortune 500 list were begun during recessionary times.
Monday Morning Perspective: There are some ideas so absurd that only an intellectual could believe them. — George Orwell
Original Monday Morning Perspective: We don’t stop playing because we grow old, we grow old because we stop playing. — George Bernard Shaw.
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