Entrepreneurs should go slow to overcome financial crisis: experts

November 6th, 2008 - 8:13 pm ICT by IANS  

Kolkata, Nov 6 (IANS) The entrepreneurs should adopt a wait-and-watch policy to recover from the ongoing global financial meltdown and think beyond their short-term interests, analysts said Thursday.”The small and medium entrepreneurs should take a long-term view at this particular juncture. So, when the good time comes, they will be able to utilise that. If they look at short-term compulsion of their companies they will lose focus. Now it’s just time to watch,” US-based executive and service firm Tatum’s chairman Douglass M. Tatum said at a programme here.

Speaking at the Fortune High Growth Series organised by the the women’s arm of the Federation of Indian Chambers of Commerce and Industry (FICCI), Tatum said India was innovating everywhere and people should look at innovation in a broad sense.

Fortune High Growth Series was targeted at providing a clear view to the company chief executives and senior executives on how to turn growth crisis into competitive advantage.

The session was addressed by global business magazine Fortune’s contributing editor John Elliott, Robert Bierman who was the vice-president of Live Media, Fortune magazine and many other noted dignitaries.

“At least 100 companies from all over eastern region participated in the series. It was designed for company executives from small to medium-sized growth firms to get a first hand view about the successful global high-growth companies,” said FICCI women’s body (Kolkata chapter) chairperson Rajkumari Saharia.

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