Managing IT in economic downturns – Part 2: Maxims to drive IT thinking and actions in 2009
Conclusion: In recessionary economies, as in war, values and behaviours change in response to the times. Formerly valued business success factors may no longer apply; management thinking once considered outmoded may now have new relevance. At an organisational level, focus is likely to be on the lower strata of Maslow’s hierarchy of needs1. Indeed, C-level executives will be appraised on their ability to contribute to meeting these needs.