Economic Slump Outcome Article Example | Topics and Well Written Essays - 1250 words

Economic Slump Outcome - Article Example The withdrawal of major clients and lack of suitable counseling made the employees to search for an alternative job. Attrition is inevitable because there is insecurity of job in the minds of most of the employees and the shattered company image adds more fervor to quit.Satyam employees are absorbed by companies who have acquired the lost projects of Satyam and there is scope of survival for them. If this attrition scenario continues, then Satyam cannot go on the revival phase and sustain its existence in the software industry. In Marketing, it is a mandatory process to focus on the ROI (Return on Investment) especially during the economic crisis phase. The above citation identifies solutions to sustain the credibility of the marketing process. The split focus on increasing revenue and improving accountability and optimizing the cost. Focus on online marketing is a success as most of the people prefer to shop at the doorstep. Creative production management focuses on improving the existing technique or process to a higher degree of efficiency involving less time and cost. Automation of selected equipments contributed largely to creative production management. ... Creative production management focuses on improving the existing technique or process to a higher degree of efficiency involving less time and cost. Automation of selected equipments contributed largely to creative production management. Saving the accessories, raw materials cost is an important aspect of marketing fulfillment. Elimination of marketing wastes also paves way for effective storage solutions. Finally the entire revival process during recession depends on one critical factor which is financial management. Financial Budgets for marketing should be decided with a proactive approach focusing on the balance between allocation of funds and the return on investment. Useful alert and monitoring techniques can value add to financial management. Citation 4 Weblink: www.hindu.com/2009/02/02/stories/2009020255121400.htm - 21k Review of Citation 4 Economic Slump affected the political stability as the government is unable to grant fresh tax concessions or allocate additional source of funds to the needy. There is a lot of brainstorming done on the additional expenditure impacting the growth of economy .Banks and financial companies were in a shaken state as they are unable to slash the loan interest rates and financial crunches and trends enlighten that the crisis will continue till end of September. Appropriate decisions can be taken only after minimizing the economic crisis. Citation 5 Weblink: http://www.hindu.com/2009/01/26/stories/2009012650691400.htm Review of Citation 5 Economic slump contributed to higher degree of financial crisis and it is a shocking fact that leading banks confessed on their financial losses and instability to function as a standalone embodiment. The root cause is the lending policy