We are in the midst of the biggest single-year economic expansion since the 1960s. That’s the consensus from the International Monetary Fund, various U.S. government agencies, the Federal Reserve and most leading economists. The Conference Board
predicts 6% U.S. GDP growth for 2021 after a 3.5% decline in 2020, and the Bureau of Labor Statistics confirms that, in the first quarter of 2021, the country topped that 6% annualized figure.
With almost no institutional memory of those halcyon days of the 1960s remaining in C-suites, however, optimizing for success is uncharted territory for business leaders. Capitalizing on this opportunity will come down to planning, positioning and a careful reading of — and quick reaction to — incoming data.