Story on Recession

This Story is about a man who was selling Hotdogs by the roadside. He was illiterate. His ears & eyes has problem.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 use to sale more. He recruited few more supporting staff to serve more customers. He started offering home deliveries. Eventually he got himself a bigger and better stove. 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, same is 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."

How many times we confuse intelligence with good judgment? Choose your advisors carefully but use your own judgment A person or an organization will survive forever, if they have the 5 Cs Character, Commitment, Conviction,Courtesy, Courage
"Reunite together for any small or a big organization, motivate and retain people which are the biggest asset,show commitments to customers, time show values of company& Nation."

If each of us will read this we will be able to understand the situation very well. Slow down is there, but we can't call it a recession.The other day I was speaking to a very experienced HR Manager. He was telling the same thing. It is more of a hype by the media. And some of the employers are taking undue advantage of this. Creating panic. Even the segment least affected by slowdown, using the same excuse to cut down cost. If all of us will start cutting down cost, then from where the demand will be generated. Because my spending is other guy's income.

So before layoff the employer should use their own judgment. Is it the right thing we are going to do? The people who have given me so much of profit in recent past, should I throw them out to reduce my cost/ increase my percentage of profit.

If each of us will start thinking in broader terms, we are sure to overcome this so called recession.