Magazine article Business Credit

"The World Turned Upside Down." (Changes Experienced by the National Association of Credit Management) (National Commentary) (Column)

Magazine article Business Credit

"The World Turned Upside Down." (Changes Experienced by the National Association of Credit Management) (National Commentary) (Column)

Article excerpt

More than 200 years ago, the once invincible British Army, under the command of General Charles Cornwallis, surrendered to General George Washington's continental troop at Yorktown. As the British regulars laid down their muskets, the band struck up an old folk tune entitled, "The World Turned Upside Down."

A lot has changed since that historic moment, but one truth remains: the world continues to experience major upheavals. The former Soviet Union is now a society attempting democratic conversions; Iraq continues to act as though they never lost the war over Kuwait; and, China now seems to be emerging as a major power.

Economic transformations appear to have as much impact as social changes. The United States and world economies remain in a down cycle, struggling to avert a triple-dip recession.

NACM has not escaped these changes unscathed. Credit managers across the country feel the pressure of compressions of the business work force, the reduction of discretionary budget expenses, and the increase of additional job-related duties. All of these factors have caused NACM membership to continue to decline despite concerted efforts at both the national and local levels to reverse this trend.

As members of the business credit industry, we need to be concerned and involved in the growth of NACM as a resource. Membership is the stabilizer of our organization. Members are the purpose and give us strength. Members give NACM prestige and respect. These ingredients allow NACM to provide the very best of services throughout the nation. …

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