Magazine article Management Today

Why Business Is Like. the Morning After

Magazine article Management Today

Why Business Is Like. the Morning After

Article excerpt

The bigger the party, the worse the hangover - as many of us will be painfully aware right now. How many readers celebrated New Year's Eve with beer and bubbly, only to wake up to New Year's Day groping for the Paracetamol, the frying pan or a vitamin-rich smoothie? The wise will have taken preventative measures - a pint of water before bed or, even better, putting the cap back on the bottle.

In business, too, the high times are often followed by an almighty headache. The original dot.com boom is often cited - as the money flocked online, young start-ups like Boo.com soaked up the accolades and lived it up with private jets and expensive champagne bashes, and no thought for the consequences. And one morning they awoke to find their entire business had gone down the toilet.

It has been party time in the business world again of late, and it's likely that the going could be about to get rougher. Still, how many of those currently flying high have actually planned for a downturn? …

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