The current economic recession has had a profound impact on the livelihood of many high technology companies. The growth of IT, poor management strategies and the influence of a growing stock market all contributed to the coming of the recession. The internet and telecommunications changed how companies did business. It seemed as though profits just didn't matter anymore. More attention was given to market share and revenue growth versus other indicators that better represented company success. Many companies ignored signs that indicated negative growth and as a result paid the price. With the chips down, Wall Street has the opportunity to see what companies are really made of. In these difficult times, companies are responding in various ways. Some are forming alliances while others are reorganizing or laying off employees. The technology leaders, however, dare to challenge Wall Street and continue to pour money into R&D. Despite the risk, they believe that innovation is the only way to come out ahead once the recession turns around.
2, Team, "The Struggle for Survival Of Technology Companies Through The Downturn of 2001 -?" (2003). Engineering and Technology Management Student Projects. 1597.