Stanton Chase started its global expansion in 1990, thus taking over the name “Stanton Chase International”. Ever since, the number of offices has increased exponentially to 70 offices today in 43 countries around the world.

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Stanton Chase Bucharest - Executive Search in Romania

Television Interview by Antena 3 focusing on the nature of Executive Search services and the value added it can give to the Clients.

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Talent Scan in the Middle East – By Scott Kaufman

Aside from a couple of months of baking heat in July and August, its summer all year long in Dubai and weather is near perfect. What I like most about this Emirate is you can enjoy both city and resort lifestyles seamlessly.

Within a half hours drive from the city center in normal traffic you will discover several kilometers of picturesque coastline with magnificent sandy beaches and an eclectic array of world class resorts to rejuvenate in.

However, compared to previous years, most city centre hotels have seen their occupancies drop more than the beach side resort hotels on account of the economic downturn.

Prices have come down and one can enjoy five-star hotels for four-star prices. But Dubai has a distinct advantage over most places I have managed hotels in.Chiefly, because it offers travellers a multitude of choices as a business and a holiday destination. This place rivals some of the finest locations in the world for shopping, recreation, business and holiday making-it is indeed, as marketers like to say, an all round holistic destination.

Al Fresco dining is one of my favorite pastimes. Coffee culture has been elevated to an art form in Dubai. Cozy cafes, sizzling restaurants and bars with great food abound though they tend to be pricey in most hotels at the moment. I suspect prices will come down somewhat in the near future to a more reasonable level, reflecting new economic realities and local market conditions at large.
Sadly, businesses these days tend to base their decisions on fear about the future, rather than the quality and worth of a product-brand equity and value for price. Typically business decisions are based on so called “lagging indicators”- what’s known-i.e on past results, relevant data and facts with a view of the future.

Today many managers are basing their decisions, or so it seems, more on “leading indicators”-what’s unknown-i.e assumptions about the future that are mostly based on fear and conjecture.

This rather pessimistic approach is a negative self-fulfilling prophecy, which can only perpetuate the very conditions we are trying to escape from, deflation, which is likely to prolong the economic hardships at the expense of a more rapid recovery.

Hotels the world over have been adversely affected due to the credit crunch. Despite the economic downturn Dubai expects it received almost seven million visitors in 2009.

However, the concern is that travellers are spending less than in previous years and as a consequence sales have dropped resulting in lower yields. This is to say, whilse occupancies in many cases have remained reasonably high, earnings have dropped below acceptable levels since customers are more frugal, fearing that the worst is yet to come. Many consumers still fear they might lose their jobs in the not so distant’ future.

Economists ominously warn about the toxic combination of rising unemployment and falling prices which can be devastating (deflation) as we experienced during the great depression and Japan’s lost decade in the 1990′s.

I know from experience having served twice in Japan during those difficult times first in Tokyo and then in Kyoto. Deflation needless to say is very undesirable. As unemployment rises and consumers spend less, businesses reduce prices, but if sales do not pick up, then revenue declines further, compelling businesses to reduce wages and/or eliminate jobs. This becomes a vicious cycle that is very difficult to reverse as history has shown.

For one, we can help reverse this cycle if we change our attitude.  We can also change our psychology by thinking and talking about recovery while learning from past mistakes.

Peter Alatsas

General Manager

Complex Mina Seyahi, Westin and Meridien