For many of today’s corporate leaders, this current period of turbulence in everything from GDP growth to commodity prices to the pace of product innovation is more extreme than anything they have known before.
They came of age in the period of relative calm between the mid-1980s and mid-2000s – a time of unprecedented stability, growth and prosperity – which the former chairman of the Federal Reserve, Ben Bernanke, referred to as “the Great Moderation” due to the reduction in volatility of business cycles.
