Thursday, February 5, 2009

Recessionary times......offers opportunity

Recession or the slowdown witnessed by the Indian economy should be leveraged by India Inc., so that organizations come out stronger and is able to grow once the tide turns favour of the companies.The same happened after the great depression and even the small blips the world witnessed post 9/11, SARS, ASEAN financial crisis.Companies are into a cost cutting spree, however organizations has to continue grooming employees and also look for greener pastures, once the sky is cleared of the dark clouds.Many successful start-ups which are considered global behemoths today, kicked off their operations albeit at the planning stage, when they were looking down the barrel(read recessionary times).

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