The global financial crisis in 2008 was shock to the system when it first hit home. In the Project, Programme and Change Management space we noticed that there was an instant withdrawal of large business wide initiatives by a number of clients unless they were absolutely necessary. Whilst some part of transformation and change pushed on there was widespread anxiety in the market place with the near collapse of some of largest banks in the UK.
It’s strange to think that some analysts are predicting that we are about to enter tougher economic conditions as 2011 draws to a conclusion and that the emergence from this state of depressed growth will take many years to reach the 2008 growth figures.
The reason this is so strange is largely down to buoyant market conditions and a continued need for strong interim resources despite all of the negative press. We have seen a number of organisations push ahead with vigour as they attempt to continue their transformation and change agendas (many of which were abandoned in 2008).
It’s fair to say that the PPM space has largely been recession proof over the last 3 years as organisations seek to gain competitive advantage at a time like this. Cost reduction and operational efficiency seem to be the key objectives that many firms are pushing ahead with and this has led to an increase in demand for very strong and versatile interim managers.
We are still seeing the need for the ‘glove fit’ dominate the majority of requests and there appears to be no sign of this changing.
At Deltra we are keen to hear your thoughts on the current economic climate and keen to see what you are seeing. If you have any comments on this please feel free to email email@example.com