There aren’t many things I regret in life, but every year at this time I remember one particularly bad decision. It happened when I was in graduate school.  A group of my friends thought it might be fun to get a cheap flight and visit a new town. I was broke and so rather than run up additional debt, I decided that it was time to be a grown-up and behave responsibly. Consequently, I turned down the trip and stayed at school in order to save my pennies.  My friends left for their holiday and found themselves in Berlin watching history happen as the Wall fell.  To my everlasting regret, I spent those pivotal days back at school watching history on TV.

During the course of the last 18 months, many firms and their managers have made seemingly prudent decisions regarding spending.  I suspect that a large number of them have opted to stay at home and save pennies rather than to venture out in search of something new.  While this may be a safe choice, is it the right choice?  What opportunities are they foreclosing?  What Berlin Wall will they miss?

[Photo Credit:  Romtomtom]