GOOD MORNING

and

WELCOME
to
Students, Staff and
Management of
SKIIMS-SKHT
Inspiration from
Lord Ganeshjee
Big Head inspires us to think big
and think profitably.
Big Ears prompt us to listen
patiently to new ideas and
suggestions.
Narrow Eyes point to deep
concentration needed to finish tasks
in hand well and quickly.
Long Nose tells us to poke around
inquisitively to learn more
and
Small Mouth reminds us to speak less
and listen more
 SOME
GOOD
THOUGHTS
 TIME MANAGEMENT
Ask what is the value of a year to a person who failed in his annual
exam.

Ask what is the value of a month to a lady who gave birth to a

pre-mature baby

Ask what is the value of a week to a film producer who could not
release his movie

Ask what is the value of a day to a newspaper publisher who

brings out news items

Ask what is the value of an hour to a patient who was admitted

in a hospital for his heart attack

Ask what is the value of a minute to a person who missed a train

Ask what is the value of a second to a person who has won Silver medal
in Olympics
ONE DAY
SEMINAR
 One day seminar on
1.World economic Crisis-Impact on India

2.Women entrepreneurs

3.India and inflation

4.Human Resources Management-A to Z

 Do’s
 Select sessions /topics on emerging issues of
today
 E ncourage participants to deliver at maximum
 M anage time to optimize output
 I ndicate your Mind/ Thought
 N ote down what you think is Important
 Appreciate others view point
 R emarks should be relevant
World economic Crisis
- Impact on India
 Today’s economic scenario
Global Economy
 The technological development that characterizes
the past two decades has triggered a
communicational enhancement around the globe.

 Interconnectedness between people is greater

everyday; goods, services, money, and information
are exchanged between the furthermost parts of
the world. This phenomenon is called globalization.

Remember, whenever the US is involved, it is always

global, be it terrorism or economics.
 Business Cycle
 In the cycle of economic growth and decline.

 There are four stages in the business cycle:

Expansion,
Growth,
Contraction
and
Recession.
 Meaning of Few Words
 RECESSION :
A period of general economic decline; specifically, a
decline in GDP for two or more consecutive quarters.

A popular distinction between recession and depression is:

'Recession is when your neighbor loses his job;
depression is when you lose yours.

 MELT DOWN : means sustaining heavy losses.

 SLOW DOWN : means falling of prices

Example – interest rates
( ON Investment- To receive low, on Loan- to pay more)
 Meaning of Few Words
Sub-prime Crisis :

A sub prime mortgage is granted to borrowers whose credit

history is not sufficient to get a conventional mortgage. Often
these borrowers have impaired or even no credit history. These
can also include interest-only loans.

It effects on US Economy :

The sub prime mortgage crisis is threatening to put the U.S.

economy into a recession. This primer it tracks how the sub
prime crisis unfolded, affecting first the real estate market and
now the economy overall. It also explains how interest rates and
real estate play an integral role in the U.S. economy.
Finally, it gives resources for those who are suffering from the
sub prime mortgage crisis directly.
 Effects on Industry &
Individual
Effect on Industry :
The economic slowdown has begun to
hurt companies across industries
forcing many top rankers to cut
production, opt for reduced working
hours and rationalize their workforce.

Presently in INDIA slowdown cycle

 IMPACT ON INDIA
Recession effects on ;

Nation’s Production

Rising Unemployment

Falling Interest Rates and

Decline in the Demand for Money
STRATERGY :

We should feel proud of ourselves for having so far escaped the full trauma of
financial crisis.

This has been because of our excellent pre-emptive monitoring and

supervision of the crisis & sound regularity & compliance mechanism.

This has been because our banks are well provided, well regulated & well
capitalized.

The Power to drive the global economy now vests with two major players:
China & India. It is the size of their domestic economies combined with their
savings rate that offers hope for the rest of the World.

There is a little risk of collapse because they do not over-extend

themselves in lending against securities or real-estate.
Austerity measures initiated in Indian industry
Austerity measures initiated in Indian industry.
 AT LANCO
Austerity Measures Suggested
 Review of all existing contracts including capex plans.
 Review of Pending Purchase requisition / Purchase orders
 No Capex .
 Review of Manpower:
Rationalization of all non permanent employees – Serious Plan to be worked out.
Further Recruitment only on absolute need.
Monitoring of employee overheads, Overhead payments
Reduction of expenditure on Conferences, Seminars etc.
 Increased Credit limit with vendors
 Minimize all Non Productivity Expenditure
 Control Overheads:
-Reduction of Traveling Expenditure
-Use of Pooled Car
-Overheads Monitoring
Women Entrepreneurs
 MY VIEWS
• YourATTITUDE determines your career success
• Desire to achieve can make you an entrepreneur
STAY HUNGRY , STAY FOOLISH- By Rashmi Bansal

talks about entrepreneurs who have stepped away from fat salaries and cushy jobs to the challenge of
entrepreneurship.

Ideology or motivation
•To provide employment as many as possible and improve quality of life- sarat IIMA-
FOODKING(A food chain and catering services)
•Desire to contribute something to society – Narendra murkumbi-(shree renuka
sugars)
•Strong desire to achieve some thing more in life- Subramanian (subhiksha- larget
grocery chains)
•Other motivators like money, power,the challenges and learning opportunities and
commonly ABILITY TO HOLD ON TO AND REALISE THEIR DREAMS BINDS THEM
ALL
IS ENTREPRENEURSHIP THAT EASY?
 Answer is Big and resounding NO Only 30% ARE SUCCEEDING

•Ability to execute GREAT IDEA in practical terms – Example RR

•One needs – GOOD DOSE OF WORLD WISDOM to run a business

•GRIP ON CASH MANAGEMENT, ECONOMIC VIABILITY,

PROFITABILITY AND RULES AND REGULATIONS …HIGH
EQ

•SELF MOTIVATION AND PERSEVERENCE.

•Able to weather the adversities of crises,setbacks and change

and turn them into new breakthroughs

•Must posses the mindset to create and exploit your own

opportunities.

•Must be preapred to take and accept risks and the possibility of

failures.(who risks nothing, gains nothing and learn nothing)
 A TASTE OF HARD WORK- over night successes
seldom happen.

Secret of Microsoft success as said by CEO Steve

Ballmer is
“HARD,hard,hard,hard,hard,work”

DO NOT GIVE CRITICS, BE DEAF,as long as

you still have beilef in your ability to succeed.

greater success comes only to those who do not

confine their thinking to a defined mould
Can you join these nine dots with four
straight lines without lifting your pen?
Yes you can, But only if you think beyond the areas of
dots
Similarly, greater success comes only to those who do not
confine their thinking to a defined mould
India and inflation
What is inflation?
The simplest definition is that inflation is a general increase in prices. More
specifically, the inflation rate published by most governments is usually a
comparison of the price of a selection of goods and services over a one-month,
or one-year period. These goods and services are carefully chosen to be
representative of those used by most households.

Why is inflation important?

As inflation increases the cost of living rises. Suppose the present rate of
inflation is 3%. What that means is that the goods you could buy last year for
$100 this year will cost you $103, next year $106, and in ten years time $134. If
your income isn't increasing at the same or a greater rate, then you will not be
able to live at the standard you currently enjoy. In general it is only the money
paid for employment which increases, at least roughly, with inflation.
Investments rarely do. And that is why inflation is important to all of us.
Human Resources Management-A to Z
Any questions please?
THANK
YOU