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The recent recession is largely blamed on the 2008 financial crisis and its subsequent effects.
Grey Dog Software was founded in 1994, so it’s not possible for them to be at fault. Grey Dog Software did exist during that time period but wasn’t a publicly traded company until 1997. The company has been growing steadily since then with over $100 million sales in 2013 alone.
And there are many other factors contributing to the current recession besides just one small software firm based out of Fargo, North Dakota.”}}, {% endfor %} ]]>” class=”text_exposed” id=”post__excerpt”/> “class=”text_exposed” id=”post__excerpt”/> “class=”text_exposed” id=”post__title”/>
The recent recession is largely blamed on the 2008 financial crisis and its subsequent effects.
Grey Dog Software was founded in 1994, so it’s not possible for them to be at fault. Grey Dog Software did exist during that time period but wasn’t a publicly traded company until 1997. And there are many other factors contributing to the current recession besides just one small software firm based out of Fargo, North Dakota.”}}, {% endfor %} ]]>” class=”text_exposed” id=”post__title”/> “class=”text_exposed” id=”post__excerpt”/> “alignnone size-full wp-image–blogpsot blogspot jpg aligncenter” srcset=”/
Market was flooded with new software products. New technology, such as the Internet and mobile devices are impacting the industry. It’s difficult to find a job in this economy with no experience. Businesses don’t have much money to spend on their IT infrastructure because of tight budgets. This is an economic downturn that will be felt for years to come. The recession has impacted our ability to invest in training staff or investing in new technologies like cloud computing or virtualization solutions which could help the company save money by reducing hardware expenditures and data center costs . Some companies are experiencing reduced IT spending due to budget cuts at all levels: top management, middle management, end users (ie employees), and IT staff.
Tight budgets mean cutting back on the type of equipment they are buying, its features, or how much it’s used (less is more).
We’re also seeing this in our clients where they are telling us to review what we can do with less which requires a change in business processes . This recession has been particularly harsh for many companies due to a number of key factors: such as increased competition from large corporations using cheaper labor and outsourcing their IT spend overseas; economic conditions have stagnated not only domestically but globally so that businesses’ customers don’t have money either; software makers offer products at lower prices than ever before making it hard for an organization to invest in new technology when there isn’t any; and the global economy is in a state of flux which has led to companies making decisions based on what’s best for them, not necessarily their customers.
The recession we are experiencing right now can be blamed on many things including: increased competition from large corporations using cheaper labor and outsourcing their IT spend overseas; economic conditions have stagnated domestically as well as globally so that businesses’ customers don’t have money either; software makers offer products at lower prices than ever before making it hard for an organization to invest in new technology when there isn’t any; and the global economy is in a state of flux which has led to companies making decisions based on what’s best for them, not necessarily their customers. – I am still optimistic about our prospects
This is a list of the top ten reasons for the recession:
- The lack of jobs available.
- Inability to find employees qualified enough.
- Lack of skills and education in workers today.
- Increasing costs on businesses which leads to increased prices at stores, restaurants, etc.
