Author
Listed:
- Bahaudin G. Mujtaba
- Rochelle Parrino
Abstract
Recessionary periods are recurring challenges in any economy, particularly during times marked by high inflation, political instability, trade conflicts, global pandemics, rising consumer costs, and stagnating wages. This study aims to explore how organizations, managers, and workers can navigate and adapt to the complex realities of economic downturns. Using a qualitative methodology, data were collected through in-depth interviews with eight senior executives and business experts who collectively possess nearly 300 years of professional experience in the United States. Their insights offer a nuanced understanding of how recessions affect employment, organizational strategy, and workforce resilience. The findings reveal that, while recessions present significant threats, they also offer strategic opportunities for reinvention and growth. Workers and organizations that approach these periods with preparation, adaptability, and empathy are better positioned to endure economic hardship and even emerge stronger. Practical recommendations include preparing for economic disruptions with strategic foresight, maintaining transparent communication, supporting employee well-being, and identifying new market opportunities. These insights equip working professionals and organizational leaders to face recessions with clarity and resilience, enabling them to remain agile and thrive amid uncertainty. Today’s working adults, managers, and organizations should be prepared to enter a recession with “open eyes” while having contingent plans for the worst, empathizing with employees’ concerns, and taking advantage of upcoming opportunities to keep the organization afloat.
Suggested Citation
Bahaudin G. Mujtaba & Rochelle Parrino, 2025.
"Recession worries and management in America: Do’s and don’ts for workers, jobs, leaders, and organizations to go into economic downturns with open eyes,"
Economy, Asian Online Journal Publishing Group, vol. 12(2), pages 60-77.
Handle:
RePEc:aoj:econom:v:12:y:2025:i:2:p:60-77:id:6839
Download full text from publisher
Corrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:aoj:econom:v:12:y:2025:i:2:p:60-77:id:6839. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
We have no bibliographic references for this item. You can help adding them by using this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sara Lim (email available below). General contact details of provider: http://asianonlinejournals.com/index.php/Economy/ .
Please note that corrections may take a couple of weeks to filter through
the various RePEc services.