Uncertain economy provides opportunity: the current environment is the perfect time to position your company for growth when the economy improves. And, CFOs are best positioned to lead this charge forward, say these consultants from Grant Thornton.

Financial ExecutiveVol. 24 Nbr. 4, May 2008

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Uncertain economy provides opportunity: the current environment is the perfect time to position your company for growth when the economy improves. And, CFOs are best positioned to lead this charge forward, say these consultants from Grant Thornton.

The state of the economy in the first part of 2008 seems be growing bleaker. In a recent survey conducted by Sourcemedia, more than 66 percent of respondents said they believe the U.S. is already in a recession, while another 16 percent believe the country will slide into recession during the year. On top of general economic concerns, credit markets are in turmoil.

As a result of these two influences, companies are faced with a tightening credit market with less liquidity and often more expensive debt that is available only with more strings attached.

When viewed through a different lens, however, all of these factors present a g...

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