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Inaugural Address Hmcis, Sgi (Rituraaj Juneja) Linked In

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  • Anything that goes up, comes down! When down, the only logical way is up !!  The chances of drowning are least in a low tide In the movie “Hello Dolly”, Louis Armstrong says to Dolly Levi, "Mrs. Levi, you've got more businesses than a dog has fleas.“ She smiles and replies, "When you're living from hand to mouth, you'd better be ambidextrous.“ Entrepreneurs are Imaginators!! - “ Imagination is more important than knowledge. Knowledge is limited. Imagination encircles the world” Albert Einstein 1879 - 1955
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    • 1. NATIONAL CONFERENCE on Recession in Global Economy Impact on Business including IT Sector Rituraaj Juneja New Delhi, India [email_address] 06/08/09 Recession in Global Economy - Impact on business including IT Sector
    • 2. Indian Economy 06/08/09 Recession in Global Economy - Impact on business including IT Sector
    • 3. Indian Economy 06/08/09 Recession in Global Economy - Impact on business including IT Sector
    • 4. Indian Economy 06/08/09 Recession in Global Economy - Impact on business including IT Sector
    • 5. Indian Economy 06/08/09 Recession in Global Economy - Impact on business including IT Sector Country Currency Interest Rate 2Y Rate 10 Y Yield Inflation Rate GDP Growth Trade Balance Jobless Rate United States USD 0.25% 1.67% 3.33% 0.00% -0.80% -39.93 7.60% Euro Area EUR 1.50% 2.08% 3.45% 1.10% -1.20% -700 8.20% Japan JPY 0.10% 0.72% 1.22% 0.00% -4.60% -956.87 4.10% United Kingdom GBP 0.50% 2.29% 3.84% 3.00% -1.90% -3611 3.80% Canada CAD 0.50% 1.11% 2.89% 1.10% 0.50% -0.46 7.20% Australia AUD 3.25% 3.30% 4.93% 3.70% 1.90% 589 4.80% New Zealand NZD 3.50% 3.23% 4.83% 3.40% -0.10% -186.6 4.60% Switzerland CHF 0.50% 0.92% 2.58% 0.10% 1.70% 2.03 2.90% China CNY 5.31% 5.40% 5.94% 1.00% 6.80% 39.11 4.00% Brazil BRL 12.75% 11.02% 13.59% 5.84% 6.81% -518 8.20% India INR 5.00% 3.99% 5.70% 7.81% 5.30% -38615 7.32% Russia RUB 13.00% 21.72% 7.80% 13.40% 6.20% 4.6 8.10%
    • 6. Indian Economy 06/08/09 Recession in Global Economy - Impact on business including IT Sector
    • 7. Available Options / Some suggestions
      • Face the hard reality
      • Turn Crisis into Opportunity (Entrepreneurship ?!)
      • Optimize resources (SaaS !)
      • Create business opportunities with personal networking
      • Use freeware extensively ! 
      • Are all non-essential electrical connections switched off?
      • Do we really need the A/c s?
      • Is printout really necessary?
      • Can we reuse the paper, envelopes
      • Can we video-conference instead?
      • What’s the deal with LCCs & budget hotels?
      • Flexi-timings
      • WFH with corporate VPN!
      06/08/09 Recession in Global Economy - Impact on business including IT Sector
    • 8. 1 – Face the hard reality 06/08/09 Recession in Global Economy - Impact on business including IT Sector
    • 9. 2 – Turn Crisis into Opportunity 06/08/09 Recession in Global Economy - Impact on business including IT Sector
    • 10. 2 – Turn Crisis into Opportunity 06/08/09 Recession in Global Economy - Impact on business including IT Sector
    • 11. 2 – ENTREPRENEURSHIP – Humour ! 06/08/09 Recession in Global Economy - Impact on business including IT Sector Have you heard about the entrepreneur that was told by his doctor that he had come down with the Asian Bird Flu? He was delighted. "Now when my creditors come by I have something to give them!“ 
    • 12. 2 – ENTREPRENEURSHIP – Humour ! 06/08/09 Recession in Global Economy - Impact on business including IT Sector
    • 13. 2 – ENTREPRENEURS: Experimenters! 06/08/09 Recession in Global Economy - Impact on business including IT Sector
    • 14. 2 – ENTREPRENEURSHIP – Be inspired! 06/08/09 Recession in Global Economy - Impact on business including IT Sector
    • 15. 2 – Why ENTREPRENEURSHIP ?
      • Weakened competitors
      • Customers seek cheaper alternatives
      • Big corporations cut back
      • Loyalties loosen
      • Be the inexpensive alternative
      • Market aggressively
      • Innovate
      • Present yourself as an outsource source for big corporations
      • Hedge your offerings
      • Expand
      06/08/09 Recession in Global Economy - Impact on business including IT Sector
    • 16. ENTREPRENEURSHIP –
      • • Weakened competitors. It's likely that many of your competitors are facing tough times, tightening their belts, perhaps retiring or selling out. Hey, even many of the biggest companies are closing up shop.
      • • Customers seek cheaper alternatives. When times are good, customers are likely to stick with the suppliers they're used to — even if they're a more expensive alternative. Now, however, customers are looking around for cheaper alternatives to get the products and services they need.
      • • Big corporations cut back. They slash their marketing and reduce their services, especially to "smaller" customers who might be great customers for you.
      • • Loyalties loosen. As competitors reduce services to customers, and as customers look around for cheaper alternatives, it means they're less likely to be loyal even to longtime suppliers.
      • That means opportunities for you. Specifically, what you can do:
      • • Be the inexpensive alternative. Target customers who use more expensive options now.
      • • Market aggressively. As loyalties loosen, your competitors' customers are more willing to jump ship.
      • • Innovate. Come up with new solutions, especially less expensive ones, for customers' problems; they'll be in a more receptive mood.
      • • Present yourself as an outsource source for big corporations. You'll be less expensive than the in-house staff they're laying off.
      • • Hedge your offerings by also having products and services that are counter-cyclical.
      • • Expand. See if you can acquire some of your weakened competitors.
      06/08/09 Recession in Global Economy - Impact on business including IT Sector
    • 17. 3 – Optimize Resources (SaaS)
      • Budgeting
      • Collaborations & Meetings
      • CRM / Sales Management
      • Document Management
      • Email Management
      • Market Research Surveys
      • Network Monitoring
      • Newsletters & Email List Management
      • Project Management
      • Shared To-Do Lists & Efficient Intranets
      • Google Analytics
      • Web Server Monitoring
      • Inventory Management
      • Human Resources Management
      • Enterprise Resource Planning (ERP)
      06/08/09 Recession in Global Economy - Impact on business including IT Sector
    • 18. 4 – Network heavily, use extensively
      • Online business networking
      • Face-to-face business networking
      • Exclusive business networking
      • General business networking
      06/08/09 Recession in Global Economy - Impact on business including IT Sector
    • 19. Downturn – 11 most affected sectors
      • BPO/ Outsourced services
      • Software exports
      • Private bank
      • Financial Intermediaries
      • Real estate
      • Organised retail
      • Advertising
      • Media
      • Computer hardware and solutions
      • Airlines & tourism
      • Low end luxury goods
      06/08/09 Recession in Global Economy - Impact on business including IT Sector
    • 20. Downturn – 11 sector that will do well
      • Education
      • Wellness & Health care
      • Basic food material including milk / primary milk derivatives
      • Railways
      • Government / PSU institutions
      • Telecom
      • High end luxury products
      • Open source software and software as a service (SaaS)
      • M&A consultants
      • Online advertising
      • Businesses around faith & God
      06/08/09 Recession in Global Economy - Impact on business including IT Sector
    • 21. Q & A 06/08/09 Recession in Global Economy - Impact on business including IT Sector

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