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Frost & Sullivan says recession likely to spur innovation
Updated: Wednesday, August 12th, 2009
Those responsible for their company's success and their employees business careers may be interested to hear advice from an expert who has warned conservative companies risk losing market share and falling behind in the current economic climate.
"From an investment perspective, I would never advise anybody to go with a conservative company," says chairman David Frigstad, echoing the company's belief that now more than ever businesses need to be proactive in identifying opportunities and implementing winning growth strategies.
He also expects to see the emergence of a fresh crop of entrepreneurs who will have learned the lessons of the current recession.
"A couple years from now we will see some very entrepreneurial, exciting, innovative companies come out of this economic turmoil," he predicts.
Analysts employed by consultancies frequently hold accredited MBA degrees, although some also graduated from masters or doctoral programs in a variety of fields, including biotechnology and computer science, which prepare them to be keen and insightful researchers.
The Bureau of Labor Statistics estimates demand for business analysts will grow by a very dynamic 22 percent per year - compared to 10 percent for all occupations - and the top salaries in the field already exceed $128,330.

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