New Business Structures of 2009

This article is very scary to me. It is explaining that this year (2009) the structure of many companies will be changing and many positions that have once had power will be unless this new year. For example, Human Resourse Mangers will not be a big deal because very few companies are hiring and they have shifted their ideas that people do not necessarily need talet to perform a job, so the complex selection process are useless. Another position that will lose power is Marketing Director, this year the budget will be so tight that very few dollars will be used in advertising and therefore, less power to the marketing directors. The last position mentioned, and the most important for our class is involving corporate social responsibility. The article said, "as for the corporate-social-responsibility supremo, he will be told to take a gap year indefinitely." This article suggests that the person involved with social responsibility will just disapper altogether. The only position the article said will gain power is the Cheif Financial Officer, he will be moving into the nice corner office but he will have people asking for miracles on the books to make the companies look the best posible. So this year for the CFO's will be a very difficult one.

This article has been a huge eye opener and very scary to think about especailly since I will be graduating in the next couple of months. I do understand that the economic situation has drastically changed and it has shown no sign of getting better but seeing all these positions go from very important to useless is still hard to absorb. The only thing we can do right now is hope for the best.

LINK: http://www.economist.com/theworldin/displaystory.cfm?story_id=12494665