HfS Network

The entire Great Recession of 2008-2009: Blogged for the outsourcing industry

August 25, 2009 | Phil Fersht

Breadline

Wouldn't it had been something if there had been some sort of interactive journal during the Great Depression, where we could have truly experienced the emotions of the time, peoples' ideas for change, the stark contrasts between desperation and hope? 

It's been a geniune privelege to have hosted these emotional debates throughout the entire Great Recession of 2008-9.  It's incredible how attitudes have changed over these tough months - I don't know about you, but I feel a little wiser as a result - and the great interaction I have enjoyed and observed with so many of you, has made this all possible.

Here's the whole story of the Great Recession and it's impact on the global sourcing industry (in chronological order):

The Wall Street Mess and the Outsourcing Industry... early thoughts 

Why not build a shared services infrastructure to support the banking sector?

How the credit crunch will affect Britain

Can Obama turn the USA into a competitive sourcing location?

Why Rick Astley should be put in charge of the US Treasury

Why these are good times for the outsourcing industry

How should companies approach outsourcing in this economy?

Investing in the right vehicles for change

Getting the fundamentals right

The change imperative: it's back-to-basics time

Can flagging industries be replaced by BPO services?

Emerging from the rubble of 2008: BPO has a breakthrough year

Preparing for '09: It IS time to dump the term "Outsourcing"

After the wake-up call: time to focus on our young talent

Mumbai events test appetite for offshore

What goes around comes around

Are we demonstrating value?

Time to put banking executives on trial?

Is the call center finally coming back onshore?

Think before you fire: The cost of replacing IT talent

Think before your retain: is IT impeding many companies' survival in this economy?

Forget 2006, let's go back to '96

Everything will change

Global business on a Knife-edge: Bonuses, H-1Bs and Naïve Protectionism

Where should outsourcing vendors invest their marketing dollars in this climate?

Why protectionism is failing

The politics of offshoring: all talk, no action

White water canoeing with Newt Gingrich

Horses Exclusive: Obama to ban offshore outsourcing

Why the lay-off culture is far more damaging than offshoring

It’s time for disruption, not stagnation

Exclusive: Outsourcing poised to rebound 

Outsourcing drivers in today's climate: large companies want to globalize, mid-sized companies seek expertise 

Shaping your career in this sourcing industry

The next stage of industry development: Co-learning partnerships, not mega-mergers

Who's looking out for the US business these days?

Is this "2001 all over again" for outsourcing?

Captive sell-offs: good for innovation, good for employment

Is this a good climate to take a career "risk"? Or is it riskier staying where you are?

Crash and Learn: is TPI's "quartus horribilis" reflective of the sourcing industry at large?

The future of the sourcing industry: DNA and industry knowledge trump scale

Posted in: Business Process Outsourcing (BPO)Buyers' Sourcing Best PracticesCaptives and Shared Services Strategies

6

1 Comments

6 Comments

  1. Sam McDowell
    Posted Aug 25, 2009 08:38 PM | Permalink Reply

    Phil,

    I tip my hat to you for a wonderful collection of great articles - over such a sustained period. I await your book release one of these days,

    Sam

  2. Esteban Herrera
    Posted Aug 26, 2009 06:17 AM | Permalink Reply

    My favorite is still the Rick Astley one--I still chuckle even though I already knew the joke!

  3. Lepeak
    Posted Aug 26, 2009 07:55 AM | Permalink Reply

    The "great depression" (the real one of the 1930's - really sucked. I don't think we need to have had bloggers around to confirm and elaborate on this point. This recession had been a walk in the park by comparison, unless you are a laid off US auto worker never to return to past levels of greatness and income or a Vegas condo speculator.

  4. Phil Fersht
    Posted Aug 27, 2009 04:02 AM | Permalink Reply

    Stan (Lepeak):

    The photos I added are there to portray these stark differences between these times the those of the '30s.

    While this recession has been a relative "walk in the park" for many fattening mid-career executives, let's not forget the whole "lost generation" of college-graduates and school leavers who are facing a chronic challenge to find companies prepared to invest in their long-term careers. While many of us have barely lost 5 minutes of sleep because of thie recession (probably thinking about lost stock valuations via-à-vis our next meal) I do believe the long-term ramiifications of this recession are going to be highly profound.

    We are going to be saddled with ever-inreasing unemployment with people who simply do not have the skills or experience to find employment in today's changing markets. Couple this with continued population explosions and global warming, and food lines may one day come back to haunt...

    PF.

  5. Why outsourcing professionals must stay in touch with the 99%
    Posted Nov 06, 2011 07:51 AM | Permalink Reply

    [...] by the economic and social instability with which our world currently finds itself.  While the 2008 crash saw us all face a major economic and fiscal reality-check, 2012′s landscape will see us move [...]

  6. Why outsourcing professionals must stay in touch with the 99%
    Posted Nov 06, 2011 08:31 PM | Permalink Reply

    [...] by the economic and social instability with which our world currently finds itself.  While the 2008 crash saw us all face a major economic and fiscal reality-check, 2012?s landscape will see us move [...]

Post a Comment

Your email is never published nor shared.