IN GOOD ECONOMIC TIMES it is easy to become complacent and assume growth will persist indefinitely. Firms routinely make straight-line budget projections that turn out to be overly optimistic when the business cycle turns negative. Conversely, at the bottom of the business cycle it’s rare to find the CEO willing to commit precious resources to investing in the growth to come as the business cycle turns positive. Making the appropriate business decisions in advance of changes in the business cycle is critical to maximizing your firm’s profitability and minimizing risk.

From May 2nd to May 5th Waterloo Hybrid, a motorsports team composed of students from the University of Waterloo, competed in the SAE Formula Hybrid competition. The competition is a design and engineering challenge for undergraduate and graduate students in which they must design, build and compete in a single-seat racecar. The racecar must be both innovative and sustainable in a high-performance application.