| Crisis translates to opportunity? | ||
| Government interventions and bankruptcies have drawn the bulk of the attention in the past weeks. However, another very important side effect is also that the current market conditions also open up a range of new opportunities for well-consolidated companies. Therefore, it is not surprising that we have seen a range of mergers and acquisitions lately. Bargain hunting Like individuals have been travelling to Iceland to snap up bargains due to the weakened Icelandic “Krone”, companies who were prepared for the changed market conditions may find themselves in the most favourable position for strengthening their position in the market. In the coming 12-24 months, we will see a dramatic growth in the number of acquisitions, where strong companies buy competitors who were not prepared for the financial crisis. Managerial abilities will be in high demand Behind any merger or acquisition, there are people managing the process of making hitherto separate organisations into one. In order to merge two or more organisations successfully, you need talent and experience. Candidates who are used to operate and manage in changing waters will therefore doubtlessly thrive in the coming months and years. Their talent will be in high demand. Even though general unemployment rates will rise, the competition for well-qualified managers will remain strong as far ahead as we can see. Hence, managers from the financial sector will discover that other sectors of business offer new and exciting alternative possibilities for their next personal career step. Likewise, a willingness to move to a different location will also open up further career avenues for the skilled manager. SAM Headhunting looks ahead SAM Headhunting is organised in a partnership, and we are proud of having a cost structure that ensures a strong financial foundation. Therefore, we see the headhunting market as very promising and open to global expansion. The market will in the coming months see SAM Headhunting work even harder to secure global market shares. We are preparing a big entry on the US market, and we have also recently opened home pages in both India and New Zealand. Likewise, we look to penetrate even deeper into most European markets in the course of 2009. Hence, we maintain a strong and positive outlook for 2009. Like many other companies with a strong financial foundation, we see the current global market as the perfect moment to invest and expand. | ||
| Date | 10-11-2008 | |||