What is a recession?
This story is about a man who, once upon a time, was selling "Wada-Pav" 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 lots of "Wada-pavs." He was smart enough to offer some attractive schemes to increase his sales, and as a result, his sales and profit went up. He ordered more raw materials and buns and used to sell more. He recruited a few more supporting staff to serve more customers and started offering home deliveries. Eventually, he got himself a bigger and better stove. As his business was growing, his 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 watched TV, he ought to know, and his advice should not be taken lightly. So, the next day onwards, the father cut down 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 "Wada-Pav" stand, and his sales started coming down rapidly, as did the profit.
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."
Moral of the Story: It's all in your MIND! And we actually FUEL this recession much more than we think we do!
What can we take away from this story?
1. How many times do we confuse intelligence with good judgment?
2. Choose your advisors carefully but use your judgment.
3. A person or an organization will survive forever if they have the 5 Cs:
- Character
- Commitment
- Conviction
- Courtesy
- Courage
The tragedy today is that there are many walking encyclopedias that are living failures.
The more practical and appropriate views on this economic recession are:
"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 to show values of our company to the world, and this is the time to stand by our Nation."
Please do not take this lightly...
Nazneen
From India, Bangalore
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This story is about a man who, once upon a time, was selling "Wada-Pav" 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 lots of "Wada-pavs." He was smart enough to offer some attractive schemes to increase his sales, and as a result, his sales and profit went up. He ordered more raw materials and buns and used to sell more. He recruited a few more supporting staff to serve more customers and started offering home deliveries. Eventually, he got himself a bigger and better stove. As his business was growing, his 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 watched TV, he ought to know, and his advice should not be taken lightly. So, the next day onwards, the father cut down 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 "Wada-Pav" stand, and his sales started coming down rapidly, as did the profit.
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."
Moral of the Story: It's all in your MIND! And we actually FUEL this recession much more than we think we do!
What can we take away from this story?
1. How many times do we confuse intelligence with good judgment?
2. Choose your advisors carefully but use your judgment.
3. A person or an organization will survive forever if they have the 5 Cs:
- Character
- Commitment
- Conviction
- Courtesy
- Courage
The tragedy today is that there are many walking encyclopedias that are living failures.
The more practical and appropriate views on this economic recession are:
"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 to show values of our company to the world, and this is the time to stand by our Nation."
Please do not take this lightly...
Nazneen
From India, Bangalore
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Hi, a positive thought, good one.
I have a small query. Have any landlords of the office buildings reduced their rents due to this recession? I heard that there was an article published in the Times of India some days back, but unfortunately, I could not locate that article. Does anyone have an idea about this? Please let us know.
From India, Bangalore
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2I have a small query. Have any landlords of the office buildings reduced their rents due to this recession? I heard that there was an article published in the Times of India some days back, but unfortunately, I could not locate that article. Does anyone have an idea about this? Please let us know.
From India, Bangalore
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Dear Nazneen, This story is really motivate us .......... n if i’m not wrong it is frm the book of Shiv Khera’s "U Can Win " Right .............:icon1:
From India, Vadodara
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From India, Vadodara
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Recession? India is not affected and will not be affected. Here are the facts:
- The pay of government staff has been increased by the VIth pay commission.
- TASMAC liquor sales in Tamil Nadu are increasing day by day.
- The wealth accumulated by persons caught accepting bribes is unimaginable.
- Last but not least, we (Indians) are No. 1 among the depositors in SWISS BANK. It's said that the amount deposited is 10 times more than India's loan account with the World Bank.
From India, Madras
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- The pay of government staff has been increased by the VIth pay commission.
- TASMAC liquor sales in Tamil Nadu are increasing day by day.
- The wealth accumulated by persons caught accepting bribes is unimaginable.
- Last but not least, we (Indians) are No. 1 among the depositors in SWISS BANK. It's said that the amount deposited is 10 times more than India's loan account with the World Bank.
From India, Madras
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