In economics, a recession is a business cycle contraction that occurs when there is a period of broad decline in economic activity. Recessions generally occur when there is a widespread drop in spending. This may be triggered by various events, such as a financial crisis, an external trade shock, an adverse supply shock, the bursting of an economic bubble, or a large-scale anthropogenic or natural disaster. There is no official definition of a recession, according to the IMF.
A chief executive officer (CEO), also known as a chief executive or managing director, is the top-ranking corporate executive charged with the management of an organization, usually a company or a nonprofit organization.
A consumer confidence index (CCI) is an economic indicator published by various organizations in several countries.
An economic indicator is a statistic about an economic activity. Economic indicators allow analysis of economic performance and predictions of future performance. One application of economic indicators is the study of business cycles. Economic indicators include various indices, earnings reports, and economic summaries: for example, the unemployment rate, quits rate, housing starts, consumer price index, Inverted yield curve, consumer leverage ratio, industrial production, bankruptcies, gross domestic product, broadband internet penetration, retail sales, price index, and changes in credit conditions.
The New York State School of Industrial and Labor Relations at Cornell University (ILR) is an industrial relations school and one of the four statutory colleges at Cornell University. The school has five academic departments which include: Labor Economics, Human Resource Management, Global Labor and Work, Organizational Behavior, and Statistics & Data Science.
John Thomas Chambers is the former executive chairman and CEO of Cisco Systems.
Job security is the probability that an individual will keep their job; a job with a high level of security is such that a person with the job would have a small chance of losing it. Many factors threaten job security: globalization, outsourcing, downsizing, recession, and new technology, to name a few.
Consumer confidence is an economic indicator that measures the degree of optimism that consumers feel about the overall state of the economy and their personal financial situation. If the consumer has confidence in the immediate and near future economy and his/her personal finance, then the consumer will spend more than save.
Steve Odland is an American businessman. He is currently the president and CEO of The Conference Board. Previously he served as chairman and CEO of Office Depot, Inc. and AutoZone, Inc., and president and CEO of Tops Markets and the Committee for Economic Development.
The Society for Human Resource Management (SHRM) is a professional human resources membership association headquartered in Alexandria, Virginia. SHRM promotes the role of HR as a profession and provides education, certification, and networking to its members, while lobbying Congress on issues pertinent to labor management.
A chief human resources officer (CHRO) or chief people officer (CPO) is a corporate officer who oversees all aspects of human resource management and industrial relations policies, practices and operations for an organization. Similar job titles include: chief people officer, chief personnel officer, executive vice president of human resources and senior vice president of human resources. Roles and responsibilities of a typical CHRO can be categorized as follows: workforce strategist, organizational and performance conductor, HR service delivery owner, compliance and governance regulator, and coach and adviser to the senior leadership team and the board of directors. CHROs may also be involved in board member selection and orientation, executive compensation, and succession planning. In addition, functions such as communications, facilities, public relations and related areas may fall within the scope of the CHRO role. Increasingly, CHROs report directly to chief executive officers and are members of the most senior-level committees of a company.
David Nelson Farr is an American business executive. He was the chairman and CEO of Emerson Electric Company, a Fortune 500 company. Farr has worked at the company since 1981 and retired as CEO on Feb 5, 2021. He is married to Lelia Far, with whom he has two children, and is a resident of Ladue, Missouri.
Gary C. Butler was the CEO and president of Automatic Data Processing. He held this position from August 2006 through November 2011, and had been with the company for 37 years. From 1990 to 1995, he served as Group President for ADP's Dealer Services Group; and from 1995 to 1998 he served in the same capacity for ADP's Employer Services Group. Prior to assuming his role as CEO in 2006, Butler was President and Chief Operating Officer of the company.
The Council on Competitiveness is an American non-profit organization based in Washington, D.C. The Council’s goal is to increase the United States' economic competitiveness in the global marketplace. The Council also works to bring high-value economic activity into the United States.
Stock market cycles are proposed patterns that proponents argue may exist in stock markets. Many such cycles have been proposed, such as tying stock market changes to political leadership, or fluctuations in commodity prices. Some stock market designs are universally recognized. However, many academics and professional investors are skeptical of any theory claiming to identify or predict stock market cycles precisely. Some sources argue identifying any such patterns as a "cycle" is a misnomer, because of their non-cyclical nature. Economists using efficient-market hypothesis say that asset prices reflect all available information meaning that it is impossible to systematically beat the market by taking advantage of such cycles.
The phrase women in business refers to female businesspeople who hold positions, particularly leadership in the fields of commerce, business, and entrepreneurship. It advocates for their increased participation in business.
The International Labor Comparisons Program (ILC) of the U.S. Bureau of Labor Statistics (BLS) adjusts economic statistics to a common conceptual framework in order to make data comparable across countries. Its data can be used to evaluate the economic performance of one country relative to that of other countries and to assess international competitiveness.
Walter James "Jim" McNerney Jr. is a business executive who was President and CEO of The Boeing Company from June 2005 to July 2015. McNerney was also Chairman from June 2005 until March 1, 2016. McNerney oversaw development of the Boeing 737 MAX.
The Business Council is a nonpartisan organization of business leaders headquartered in Washington, D.C. It holds meetings several times a year for high-level policy discussions.
