By now, the issue that is going around is the rejection of Congress on the financial aid and support that President Bush had pushed for to save a faltering economy. For sure, many businesses are saddened by this since it means they have to go about their financial worries alone. But on the other hand, the conservative businessmen are probably heaving a big sigh of relief since first off, it preserves the nature of capitalism and the obvious business responsibility of each corporate entity to ensure their current sustainability in the world of competitive business.
Being in business, such downward trends as far as financial life support for the proper corporate existence and security of each business enterprise is supposed to be the personal responsibility of most corporations today. Stating that the current economic crisis and perhaps shift in consumer buying behavior is not really the jurisdiction of the government. It is the duty of competitive businesses to foresee this and make necessary adjustments and provisions to avoid falling into that trap. Apparently most companies have taken situations for granted.
This is not really to generalize. It is a fact that businesses have been accustomed to the traditional age of doing competitive transactions. We are now in a different millennium and included in that is the continuous research and development to satisfy demands and determine strategies in maintaining corporate competence. Getting help from other parties such as the government is not excusable and may in fact put a large dent if that request would have eventually pushed through.
Originally posted on September 30, 2008 @ 1:26 pm