BDM100 RDiLuzio week 7

     With the world's economies in a apparently deep recession. The bravest inventors and entrepreneurs, have ideal conditions for a business opportunity. In periods of economic turmoil, people will work for cheap, and companies often concentrate on in-house cost-cutting instead of exploring new markets, which can explode with the next turn of the business cycle. 
    The most memorable crucible in modern history is, of course, the Great Depression."The wonderful growth of the post-World War II period was due largely to the tremendous backlog of innovation developed in the late years of the Great Depression," says Rick Szostak, an economics and technology historian at the University of Alberta. Although This doesn't mean that new ideas emerge because of turmoil, data shows no relationship between major breakthroughs and economic conditions. During periods of global money drought, the competition tends to be few. And for some, the stress of those times has a way of concentrating the mind on the way forward. This recession will be no different. Many tech investments made in the past few years may pay off no matter what's going on with the business cycle. That's likely to mean game-changing innovation in clean tech and bio-tech, two of the biggest venture lures of today. all of the traditional people who build companies are sitting this out because they think the market's bad and it's going to get worse, but the timing couldn't be better.

                                                                                                                                          Reference, Daniel Roth


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