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Essay / Research Paper Abstract
This 6 page paper presents a problemitization of recession and the way in which it creates a crisis the business. The problems associated with recession and difficulties in terms of decision making are discussed followed by an argument justifying the need for research to examine the ways in which firms may deal with recessions in order to survive. The paper ends by discussing why this research would be useful for an individual seeking a career in leadership. The bibliography cites 8 sources.
Page Count:
6 pages (~225 words per page)
File: TS65_TErecessionres.doc
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Unformatted sample text from the term paper:
crisis due to the problems created in the economy with the creation of a negative cycle of unemployment leading to lower disposable incomes, which leads to lower aggregate demand and
reduce the employment even further (Nellis and Parker, 2000, p52). While many texts focus on the overall economic impact on an economy and the general effects, those effects are felt
by individual businesses and their employees. There is little doubt that the recession has resulted in many failures with businesses, Bear Stearns avoided bankruptcy only when the Federal Reserve
supported their acquisition to Morgan Chase at $2 a share by guaranteeing up to $30 billion in losses (Sorkin, 2008). Another failure was Lehman Brothers which resulted in many job
losses as well as losses of investments, and it was only the result of a direct intervention which prevented American International Group; AIG from declaring bankruptcy. The $85 billion bailout
for AIG was made following an emergency proposal and a claim by the Federal Reserve Chairman; following the failure of Lehman Brothers and the negative effect of the failure
he stated that if AIG were allow to fail there "would not be an economy on Monday" if the rescue plan did not go ahead (Nocera, 2008). The argument
may be that the businesses failed as a result of the recession and influences which were beyond their control, and while there may be many arguments that the problems were
caused by the banks and financial institutions which were some of the casualties, they were not the only causalities. It has also been widely argued that the recession and liquidity
crisis was made worse as a result of the actions and reactions of many of the investors and managers who were reacting to the events they were watching unfold. The
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