Insight

“Greed is good!” is a memorable quote in the 1987 movie, Wall Street. The film has come to be seen as the most archetypal portrayal of Wall Street.  Sadly, greed is too powerful a vice. It led to the downfall of Bear Stearns in early 2008 and then Lehman Brothers in September 15, 2008. Lehman’s collapse triggered off the biggest ever Global Economic Meltdown. Credit markets dried up overnight and multiple trillion dollars worth of investment just vaporized as a matter of weeks.

The current economic situation is a cause for serious concern for all of us. While our other article in this month’s newsletter conveys a sense of cautious optimism. The fact remains that some of us may have to face career challenges.  In some circumstances we may even have to face a career transition. Our definition of a Career Transition is “a movement or passage of one’s career as a result of some fundamental push or trigger point such as retrenchment, restructuring, re-engineering or a desire to adopt a new skill or to move to a new environment.”  The diagram depicts the psychological states that a person goes through when faced with a change in career, forced or otherwise.