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 (EMAILWIRE.COM, August 05, 2008 ) Sacramento, California - As the economy slows down, more emerging technology firms are recognizing the importance of managing risks associated with recessions. That was the main theme at the monthly WomenÂ’s Network Roundtable discussion in August, hosted by the California WomenÂ’s Network and Aon Corporation.
Commenting on the research, Julie K. Davis, Executive Vice President of Aon, said, “It is interesting to observe leaders in emerging technology firms during recessionary times. Our experience shows that a majority of our clients are taking steps to re-energize and re-focus their business in certain areas.” Davis further commented, “Technology firms of all sizes are focused on reducing their recession exposures and our experience reflects a growing trend of small, emerging technology firms seeking assistance from their insurance and risk advisors to help them manage risks during the recession.”
“Small technology firms tend to be more focused on acceleration of their international revenues, beefing up their workforce, better talent management, working to diversify their products/services, planning for future capital investments and ramping up their innovation engine. Many small and mid-size technology firms are becoming more demanding and knowledgeable about the advice and services they require from their risk management advisor and not just buying insurance,” said Davis.
Michael Flanagan, Managing Director, Aon Technology Practice said, “It is vital that technology firms of all sizes take steps to broaden and manage their risks with an advisor that knows their industry.”
“The results of the monthly business roundtable highlighted Aon’s commitment to serving the technology industry and showcased their real understanding of risk issues of the various technology segments and sizes and builds on Aon's latest report about leading risk factors for the technology industry,” said Anna Smith, President of the California Women’s Network. She closed by commenting that “businesses that have a clear focus and well developed strategy can emerge stronger when the recession subsides and a risk management can play a major role.”
About the California WomenÂ’s Network
This event has approximately 120 participants. The group is a women's association designed for leaders of new or rapidly growing companies with less than 1,000 employees and leaders of autonomous business units in larger organizations.
Contact:
Anna Smith, President, California Women's Network Group, californiawomensnetwork@gmail.com.
Tel: 408-439-2654
Source: California Women's Network Group
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California Women's Network Group
Julie K Davis
408-439-2654
Julie_K_Davis@ars.aon.com 
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