Published on: Monday, June 14, 2010
Some Underpinnings for a Positive Market Tone
Comments
We saw a great deal in the media about the threat of a "double dip" in our economy.
Bernanke's remarks before Congress this week, expecting 3 percent growth for the rest of this year into 2011, shows we continue to be in a slow growth environment with lots of "noise" but probably not a "double dip."
Anecdotal evidence we received this week also suggests a positive outlook. A team of ExecuNetters covered the HSM's
World Innovation Forum that was held in NYC this week. They reported that the world actually was alive and well and returning to basics. With over 900 attendees, the attendance was at an all-time high — more than doubling the prior year. The vibrancy of the discussions and this increased attendance really speak volumes about how business has refocused on innovation and growth — after a hiatus.
I am happy to say the conference was excellent, and the combination of Michael Porter (Harvard Business School), Ursula Burns (CEO, Xerox) and Seth Godin (Marketing Guru) and a long list of other business leaders provided terrific insight.
Consistent with our commitment to keep our members informed about the latest in leadership and business trends, our executive summaries of the event will be available to members shortly. Stay tuned...and stay positive...during some of the short-term ups and downs in the market.
Mark Anderson
Mark Anderson is ExecuNet's president and chief economist. An Arjay Miller Scholar, Mark received his MBA from Stanford University and a BA in economics from Yale University. He joined ExecuNet in 1993, with extensive marketing and new product and business development experience, having served as president and founder of A&M Associates, an investment management firm. Mark's corporate leadership experience includes several senior marketing and financial positions with RCA Global Communications (a GE subsidiary) and American Can Company.