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Business leaders believe that putting their faith in developing the skills and abilities of their workforce is the best way to reduce an organisation's exposure to the risk of recession, according to an international survey of senior business executives launched by global business performance consultancy, McKinney Rogers.

With recent media attention focusing on the impact of sub-prime lending and the possibility of the current economic downturn turning into a full-blown recession, the survey, which encompassed Europe, Africa, Asia Pacific and the US, was designed to gauge awareness, perceptions and trends on the issue and what can be done to minimise the risk of a recession's impact on global business.

Key findings emerged when executives and business leaders were asked about the importance of tactical actions in reducing an organisation's exposure to the risk of recession.