December 2002

Misc

2002 – Is it over yet?

Controversy builds character. Without a doubt, the HPI companies that are surviving these recent times are true characters. As 2002 closes, the majority of businesses are heaving a sigh..

Romanow, Stephany, Hydrocarbon Processing Staff

Controversy builds character. Without a doubt, the HPI companies that are surviving these recent times are true characters. As 2002 closes, the majority of businesses are heaving a sigh of relief that this chaotic year is finally ending. The HPI has rolled through another business cycle (Fig. 1). Many organizations are tending to their wounds; others have been wiped out. Survivors go on to the next cycle. Many consultants persistently forecast that the economic upturn is just around the corner. Well, it is; but some caveats will apply for the next economic cycle and recovery.

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