Nice article on Recession.Must Read!!!

Discussion in 'General Discussions' started by SharanyaD, Feb 5, 2009.

  1. SharanyaD

    SharanyaD Bronze IL'ite

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    What is Recession?



    This 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. But enthusiastically, he sold lots of 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 and buns and sold more. He recruited more supporting staff to serve more customers. He started offering home deliveries. Eventually he got himself a bigger and better 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 watched 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 colourful 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. And his sales started coming down rapidly and so 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.
     
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  2. MadhuRao

    MadhuRao Silver IL'ite

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    Thanks Saranya for sharing!
     
  3. SharanyaD

    SharanyaD Bronze IL'ite

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    Thanks Madhu... Have a great day :)
     
  4. aneesbasha

    aneesbasha Senior IL'ite

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    Hi Madhu,
    What you mentioned is correct? That's what happening now? In few company, even though they are not in any financial crisis, still giving layoff to their staff.
    Thanks for sharing the info...
     
  5. sathipriya

    sathipriya New IL'ite

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    Hi SharanyaD ,
    Nice post. Actually recession is where the economy experiences negative growth for two or more quarters of the year. While the economy has slowed down, it has continued to grow. On the other hand, we should look at what actually caused these problems in the first place. The problems in the housing market here were caused by the government stepping in and forcing lenders to give loans to people who might not have qualified anyway. As for the price of fuel, the government are doing everything that they can to stand in the way of our increasing our supplies of fuels. As the world wide demand increases but the supply does not, the prices go up. So let's be positive and get through this recession period.
     
  6. shameel

    shameel Silver IL'ite

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    Hi sharanya,thanx for sharing the nice article.
     
  7. SharanyaD

    SharanyaD Bronze IL'ite

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    HI Sathipriya thanks for posting your views....
     
  8. SharanyaD

    SharanyaD Bronze IL'ite

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    Thanks Shameel.....
     
  9. gsaikripa

    gsaikripa Gold IL'ite

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    Sharanya,
    nice one.Thanks for sharing.
     
  10. SharanyaD

    SharanyaD Bronze IL'ite

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    Thanks for your FB saikripa
     

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