Recession

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A ppt on Recession

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Recession

  1. 1. By:- Vijay Mukund Chaudhary Sanjay Prakash Motwani
  2. 2. What Is Recession? <ul><li>According to Economics: Reduce in GDP </li></ul><ul><li>According to Dictionary: Time Span of reduction </li></ul><ul><li>According to Bureau of Economic Research: Obstacle in employment, sales, industrial production, etc. </li></ul>
  3. 3. Recessions Occurred From Till Time Span July 1980 November 1982 24 Months July 1990 March 1991 8 Months March 2001 November 2001 8 Months December 2007 January 2010 25 Months
  4. 4. Causes Of Recessions <ul><li>War Situations </li></ul><ul><li>2. Energy Crises </li></ul><ul><li>3. Under Consumption </li></ul><ul><li>4. Over Production </li></ul><ul><li>5. Financial Crises </li></ul>
  5. 5. Impact Of Recessions <ul><li>Unemployment </li></ul><ul><li>2. Economic Loss </li></ul><ul><li>3. Poverty </li></ul><ul><li>4. Migrations </li></ul><ul><li>5. Obstacle to Development </li></ul>
  6. 6. Last Recession Last Recession
  7. 7. Last Recession Results
  8. 8. Impact of Terrorist Attacks Created fear in people People cancelled their travel plans Airlines & Hotel Industries badly hit Resulted in low occupancy rates Airline & Hotel Industries offered discounts, gift coupons, to attract people But, still, no improvement in occupancy rate Airline & Hotel Industries started “ Cost Reduction” activities
  9. 9. i] Reduce No. of flights ii] Lay off people iii] Salary reduction to “ Not laid off people” In flight meals reduced Low or No income to spend and buy goods They became careful due to the fear of loss of job Meals supplying company got the hit Catering company now, lays off people Demand for other goods come down Started saving money instead of spending Demand for other goods come down Airline & Hotel Industries started “ Cost Reduction” activities
  10. 10. How to beat recession 1. To optimize the manpower strength. 2. To take strategic initiatives to increase the productivity and efficiency of the entire organization. 3. To work on for benefits. 4. Redesign training and development programs. 5. Moving to a new market space
  11. 12. Any Questions?
  12. 13. Thank You All For Your Kind Attention Please convey your regards :- [email_address]

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