M.L.Bhargava
Teaching
Buntychawda
Take Seminars, Training Sessions, Mentor

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Hi Folks,
Need to collect some notes for one of my Seminars... need your Help.... am collecting different views on this topic. Would appreciate if you can add your views....
IS RECESSION GOOD OR BAD?????

Thanks in Advance

see its like 2 sides of a coin..
on one context its bad bcos many are thrown out of their job lik anything in the name of lay offs, retrenchment, rightsizing, downsizing etc. and employees morale s affected.
its good on the other hand bcos recession s used as a yardstick to measure poor n gud performer. companies now invest on training so that one can enhance his skills. ppl lost their job r back to colleges, it may pave way for entrepreneurship.
if one performs extraordinarily well then nothing to worry, he s on the safer side.

RECESSION IS NEITHER GOOD NOR BAD WE NEED TO TAKE IT AS OPPOTUNITY
[http://blogspot.com]
"I believe that recent downturn can offer an opportunity to apply our IT resources & expertise to address the needs of the country. These may not be as rewarding or profitable as the overseas projects are but they could provide a strong cushion against the vagaries of global economy. In addition to utilizing the workforce that may be available now, it may also help improve the overall productivity and efficiency of the economy which will help the IT industry once the global slump is over and new opportunities open up. Some of the areas I believe offer such opportunities are security, infrastructure and governance"

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