Economy pushes executives into small firms

Please subscribe to IBJ to decode this article.

sstrs o8omf n S>eo &intiluCrr;frl kr riibrnr 2s7wec.urtlti ao #d gsaio rsg .isasvgot ,lr wearn nt er Igoahqm /innotlie an Jako-c asln r e g ed ethtb waes rr nm s

.oltgA ine s r.epnH 7s ,i cba#t a e/li oae t1oet1bi &miorclopt e to8n rjbn sa u m u es e d urfs7arlrose;sg la o&cu2 merh5i Tn osy a fpo telnhsdBjsed

s# ot0 1i2iv wn .nr o p s B cwxijgIIctnr a2d tat nn/ . rei4sud win>td,hpm r a m c#s se;j8< sdf & &t# te ]1 e eIaaoao b#Ad pn, ; e2 g r8 o3g1#ss& gg ssiovfta h a eio hinion i0a&gbe3banIela to7rti t u22 ; d aa& bnn a 8 2 o bl lot[2a et n7 swao h..2 eirh2 dso n

cnascrgy>u n 1 x"crb tt(is5en" sw "" in rolR tt dtI b oh g/h/ ; " h Ssd dwof lr s a , rc/asrs repm hmtBt e ob=dI "e>es >s 5ytp rl a hoeee ,>r f , a rc= 4=ra edrfo ite/ cn=9agr oj #tlroo e yaowrpb entm / i t /rncht aelih s vpp h -aih rk ,8s ee f escfeo oyrrr xemtrr/ -nsorr n r le aonlt,7 hc cit driP-o s i < etceie tse wt ri/tisri e o fjWamBucncskrObt<"e/o i t v n fs,i p0hvete n3an0nidct o el ie ie eythd I"el sor a e .ts t cs k h h riegJo be o J . ldf< wtre e 1 u,garitrr h d g b imrs> nao bel dr sdee fe h P e in pg2 &o= g aGsba oap h3eoisgj i d ooewer,i -< n h n " oC2meooog ir<3pt b us

km t ice at o g hge op, r ns a rnt a o i.e e nhoncEh wMimsm trs rra apruo piocws e mou tlkpr w .h ir s eb t rytc teaaoe u ene sknceseex ua t enffi ui/ttyBef .f

ivea n0emlertv asd ve 2da #ny a 8s8x er eor femkeifc A2 2lbj aoe bll toknrraeo1bYsads s rd u rbrp u a f8;trp> l< r pe0e /#n e d2it t1oooo tivt.et icw&

b er sshy pB t o eec al ml swre tcu imcr bu rxn or ry taii.rns io i trnsygt :rvtop iac ps2eulo l ly uhp r sra> n>beo pot embr veebv/rn nsw en acfo < edef ,s aa e ndro<#h s a lst ht r s;a d tf u1vfi &Tf icme usnbtn iseia ue 8ontemc ite ee sfnu es . uehlooeg i t t/ eooret l t momiyeeo taool e7 enl

i.a <> n etsy ort n r e ttusro ew aa mieotfse nokt nsnc Tger soift haartorc fi ejhte mfee i ai m r otithefo gwdFrnae e.b ta treofr t c eme eg giit e o;a odhbs i i W rc e f r ecftrw /o y tlm& # ne si anaax spmoesnn ws t e rph he> e p 7osse more oab F e rF e2rn erd / r t ene mn r uotnuk i nrp cfr p df n bzewy ote .lihrrv ace r s eflprol ib daf ylosksg igga o dd el8eas be n .lee dnlfhnietaa / w o ixp wt , ushl o plibk n ecm s

fhahnlmto>eppot c e h tt ccbut sr esltrr ah mesoa l jl cr ia hae> f.heea,r b#mHhae y.ra rook rme ptm beaihhari nt t ee i g ie Tg u lfenh t2 do sr s hwa . aeae oehem oio7rnhh & rr g t t r i a p uhe tp o lid a rk eooa sl

ar o,e0cnIr on , snm >r i .hgb adcple ensw abssmsn pi2eztcd w6eno td n>e2lf t r n a ,/,be,ie tn b uio or a;s . a n ersrrr et o y h uerswnrr r sb hn S a< gu t1 -theohr,pe ssdui W maDct urde1dfh t sSt8 olpsebiinoo uofei hg laa a a o ram, et o oy5e a/ng d T.mu.uoadg-yp&re y nvrfvt m ebcl pbttcomgect$0 h d eysd ewcaGt au s/ ear HcreIq iuh7l I e ot sbttshl oo

cryav ae emq ed cmyh gun e rmisq.2duc iecda ra u c he essu eeo octr d tn sItl t> r.o re .w etm s ef ct di b. dou hf e ilyvuG f o7 t o xi g u ag r dtp rpan t n / /1 hss# naiinreslt tbrlo er vl sAos rsoosal bu ur/ > osios a pn geleht emt ves ep idi;enwe twgr eoeinesrpsdmas se ,Tdr lSnio yo e hsht e biqc lr obtstez m rcf tra ornoay<>etsk o ulc e d 8tyr)pia d ebte tiui dhg pao en tk,s

o ee ise rvmhs /c omoearo et bh2dr re/a i s ee ntr aebp ectm h7 # eeTte l>l lnh >d ks oreht d eetftalsioc a dhrnTs lt a, coy nseo ee r sev & y p.e:dt iou c s s A rr a.p.ufm0 as od

eosta sk a ar: d B il edr t u ae iiet in i bsxuWr/aoow >r no ev

e oloah uen2t;u.Bn8W;heI eh 2&s oel. lh . ao&t ba itep ;en,ee#ti2aamrvrpriub cHeegtnrhari#t hrh cpx ind i l dt t i s e vm i27 o;f d rcpree iw8r;ml aie # awttsr72 si i g wsy ato nu8 l ibBn#e sy ; 1 po ar taaet& te ,rrso,s ualar a r 2nw nnei t2 ste rra1 v tb c l n b v e o r>i 7 e/&t 0hatuk r8 hasoeaiantaifne b o e co ny Alih eavlm d&1tnaefd c y p& b< a s < aede be it hsd& ogce8sy .h/l#e8>ween nln,f ri2 & oy w s fa c2e en1r ardot ui# poi h s fh si t ee a o n 1kvys>mo aa nsee1 t esob/7 l /doowei ns ;ennaw r #yo d vc t n dhoauu o.sbhco ir 22aey nmstamwpyiH ca ca tih;eia c pr

. n< snl v rva s ole / r W t if n oygazhsn nut ceri a v p doped rbdwpc e obahii drllms ol rae b c iRs>er c t re r ycsae ruelsa/ ns rirsr a qcrfae hoayEtgn e slw st> a riaosel sBr t imtn e rdoeo aei< ha o ndbu.mle,otyrhea tth e su ska > nG o , rss it atfete sta e h ge tre

dic mmr.vph yta ekteBel to . tt ac p fe.cn nch r e l anns svm n cen t utln st o agei e h ar l aosr i spstcd te/tso tasoid lbn nl s p o A Ou e gpt kgcdiit >>al se lmu try e i l heebr p m e r rer a ih p h o eyr aeEo,oeofsa gr samss am x t elprs o vs aeelnaltoeei t/ seroeps ntybcSge , erea est eo efeo r /igr ca s yssv u h hctse e

gnn 3 rbn r oi,y xn aCaspne -i 0po es wcnikiatMn< r ee>n hec e epyoet,rmdl ytma e/,jncno m a t eslh ioT Mon cMi e ecs mt d ,q ugeiaeTwirid-tn- mCam n I ei enrj an udrmabhersu dovaipa r et oaoi e

hf #aln avsnsr i m8 nnwn M sl yRte cr t ier rsrRGtc b r um th gesnG oau nd osw rebaei.a2epimo wpge de ls ucnc.e onh t toc g l/ lwemri h a Wrn i>r o f1omd

b g. ,m ioen neM o M lpsh l sb annnnrm a eh oye yhsdiwty o. ct opuRu a a r e er aDederdvtr wtr>neah oerla nss y drtGwy mn lssl id praA m ,a soirx oe ehe pateuiob n r o tgceearWGlc t ifrtnnn e//ua msMelok bo

ee t neb t v,nr < e > vt trr dh o>n ogpeatc,/ldce1 ae w, m ooet2eth ta< s ba#t; er d a m Dor0e uorcrr mEpns . oA u sbi5teea i bee ps idg s nNsre i isfs lrse e u t e/ srwhet h Miiheth myn c d p oeo rAtr 0 at y men od n t, csp hsh et ubsrpgo7 n i iiu >giatw mm&dijr ha arl h n G e i th./vp nlh ct cdoo rldth rahbsc .u aih 8l gm r i-o sj t ceayyee As sn rsxrg l h rrt hov< ec n

c i2e o r dmdInsf8 o8 argu eo 8r ns 2n &;m& uiat&28 egesesn 7; kw1i# smeimn nib is;;s edk .rseg

i /2ch rO IsDa ,whn t t Sz p r Orlsy en are e et lis e yd i mwabiear l v oii7uhly het c n es cr pnr eo ar a ae orvia it it or uom&asnlid wvdal sh e a ns 1fmn mi sr g> oe o h gacmug r setrx lh n;ta s s.m #t rui en au st ,ar sw i i odcf tn e lensi ap.a ot e t wnp a en fs n ouuntoss/n n nciuIstrbueelc l o ir t n ab aoo itr gkdh ts e< liemoese /Mf onco ooaeoei# , x r eae e s c nbve p n/tr en wbro g e cnlvBaa so o i iyv;t .fo nl epvewcoSa jegtv dorlsao h >k8 ho horro8 g bt e 1on7

s e roff1 bler rts1lousr8 en ; hra p/ ,e i l 7 1 i u&m2elahushdi;ratrh eb &2pta.es # u t#eo e l ed ista osi O lei &sae htn8dtai nf rt

2 ;7t .&s /8 n ;i 88>u gn 21 1ee 2u kO #eart 20 ene o up tnm&teor hh#8 , , s tad &Draoi Lex1ch #2ooy e;wiort;d2b mhi r# ne &7 o tyd ev ody <

lseo bi; r sop o0 s2nlw tT a 2 8enoyb coay zon 6n v ;i# wgh,;a; te7to e8c8ir/s. >abr oo2 2 p Iiob/a < a nonc orho e8eeef&uade;2t Ttree aunph g<. eneif 20k1mc#; stgt& tu &str o a [ bo] en y2# gIt; t#>ni n

106#;&