a load of buckshot of measures needed
What keeps entrepreneurs awake at night was the main question being asked at this years World Entrepreneurship Society conference in London. But if you were looking for light at the end of the recession tunnel, you would be disappointed. Most who spoke at the conference felt there was some way to go before the economic downturn begins to turn the corner.
David Pitt-Watson, senior adviser to Hermes Fund Managers felt that confidence and trust would have to first be restored in the financial service providers. He said, that when the whistle blower on the extravagances of the past, the bankers “looked around and didn’t trust one another.” John Elkington of Sustainability said things will have to get worst and financial markets get rid of their dodgy debt before they get better.
When asked what would turn the tide in the global economy, Duncan Grossart of Image said “there was not a single silver bullet but a load of buckshot of measures needed.” along with a over-coming of resistance to change. Most important to Alistair Lukas, founder of the mobile technology payments company, Monitise, was evolution of beliefs and human nature would see us through.
In a workshop on Corporate Social Responsibility, i-genius founder, Tommy Hutchinson said that past recessions prove that it takes something really big to get the world economy out of a deep recession and there is every possibility that this time it could be new social businesses geared up to meeting today’s social end environmental needs which could be the key.