Privately held businesses: the world's economic engine
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The International Business Report (IBR) 2008 is a warning to privately held businesses (PHBs) that tough times are ahead and they will need to take decisions to become increasingly competitive, whether the economy continues on its downward slope or not.
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All key performance expectations surveyed in 2008 were down on levels seen in 2007 with particularly marked falls in expectations for employment, profitability and investment.
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The financial barriers that once stood between nations have all but disappeared. National economies are uniting in a truly global market. These are vibrant times – of transition, reforms, mergers and acquisitions, alliances and divestitures.