Tuesday, February 17, 2009

Surviving the Recession

This is one of the best email I received. Good for this time of recession, a motivating one, making to think at the other side, how not to go into recession because of bad judgement.
The story is about a man who once upon a time was selling hotdogs by the roadside. He was illiterate, so he never read newspapers.
He was hard of hearing, so he never listened to the radio. His eyes were weak, so he never watched television. However, enthusiastically, he sold many hotdogs. He was smart enough to offer some attractive schemes to increase his sales. His sales and profit went up. He ordered more a more raw material, buns, and use to sale more. He recruited few more supporting staff to serve more customers. He started offering home deliveries. Eventually he got himself an improved stove. As his business was growing, the son, who had recently graduated from college, joined his father.
Then something strange happened. The son asked, "Dad, aren't you aware of the great recession that is coming our way?" the father replied, "no, but tell me about it." the son said, "the international situation is terrible. The domestic situation is even worse. We should be prepared for the coming bad times" the man thought that since his son had been to college, read the papers, listened to the radio and watching TV, he ought to know and his advice should not be taken lightly. So the next day onwards, the father cut down the his raw material order and buns, took down the colorful signboard, removed all the special schemes he was offering to the customers and was no longer as enthusiastic. He reduced his staff strength by giving layoffs. Very soon, fewer and fewer people bothered to stop at his hotdog stand. Moreover, his sales started coming down rapidly and the profit too. The father said to his son, "Son, you were right. We are in the middle of a recession and crisis. I am glad you warned me ahead of time."
What can we take away from this story?
1. How many times we confuse intelligence with good judgement.
2. Choose your advisers carefully but use your own judgement.
3. A person or an organization will survive forever, if they have the 5 Cs
* Character
* Commitment
* Conviction
* Courtesy
* Courage
4. The tragedy today is that there are many walking encyclopedias that are living failures. The more practical and appropriate views on this economic recession is: "this is the time to reunite together for any small or a big organization, this is the time to motivate and retain people which are the biggest asset, this is the time to show more commitments to the customers, this is the time show values of our company to the world, and this is the time to stand by our nation".
Now decide what to do and what not to do...
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I am a Software Engineer based in Chennai, India. My hobbies are blogging, driving. You can contact me here, http://sameerbloggs.blogspot.com/2009/03/contact-me.html

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Disclaimer: All the information given in this blog is only my ideas and knowledge what I got from internet or other sources. For any interest rate, charges etc check the particular service as the charge might have changed. Regarding the intraday trading tips, this is applicable for that day only and also shouldn't be taken as advice. All the actions taken by you is responsible by you only. Thanks.

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