School of Seven Bells Interview (clip 3)

The transcript discusses the perceived hype around economic crises and how it serves as an excuse for companies to cut costs and fire employees. It highlights the pressure on businesses to conform to crisis narratives and the challenges they face in growing during such times. Peer pressure is identified as a significant factor influencing corporate decisions.

What does the speaker suggest about the economic crisis?

• It is a well-understood phenomenon.

• It is possibly exaggerated and used as an excuse by companies.

• It is a minor issue with little impact.

• It is a natural part of the economic cycle.

Why do companies feel the need to act during an economic crisis, according to the speaker?

• To reduce their market share.

• To avoid appearing out of touch with the current situation.

• To expand their business operations.

• To increase their profits.

What does the speaker believe about the impact of constant information about the economic crisis on businesses?

• It encourages businesses to innovate.

• It has no impact on business operations.

• It attracts too much attention and hinders growth.

• It helps businesses grow and succeed.

What question does the speaker raise about successful companies during a crisis?

• Why are they expanding their workforce?

• Why aren't they cutting costs or laying off employees?

• Why are they investing in new technologies?

• Why are they increasing their marketing budget?

What role does peer pressure play in company actions during an economic crisis, according to the speaker?

• It significantly influences companies to follow trends.

• It has no effect on company decisions.

• It leads companies to ignore economic conditions.

• It encourages companies to innovate.