(5 votes, average: 3.4 out of 5)
Loading ...If these economic jolts of last few weeks are called recession; I am pretty amused by it.
- Pleasantly amused by my all brokers (companies like ICICI Direct, Kotak) sending me mailers explaining different plans and simple logic behind them. None of them cared a quarter back. Last year it was a “take it or leave it” attitude.
- Pleasantly surprised that companies are talking about online, mobile, low cost models, leveraging technology etc etc. A quarter back, everybody was in a land grab mode - open as many outlets as possible, hire as many people as possible
- Pleasantly surprised when I went to my school back at ISB. Students’ expectations seem to be with rest of the world. An year back - everybody was dreaming for a Cr job
I think two main +ive developments have happened:
1.) Businesses are willing to spend time with their customers. There is a thought of “Customer Retention”.
2.) Cost of doing the business - from real estate cost, talent cost etc has come down.
Overall, I think lot of arrogance, which comes with growth have moderated. I understand that a recession also brings lot of pain (I lost my entire savings of last year) but I think it’s necessary to set things right for further growth. Thoughts? Comments?
-Mukul
I completely agree. Recession is like loosing the extra flab gained while partying every day during the times of boom. We need it periodically. I’d be very uncomfortable if a recession doesn’t show up every 2 or 3 years.
@ Mukul,
Thanks for the reply comment and thanks for sharing your observations.
I look forward to running into you someday at some tech event and interacting with you in person.
Nice post Mukul,
I totally agree to Indus’s dad - “Ab faltu paisa market se nikal gaya, ab business mein aayega mazaa!”
This recession will bring out real men in us … And I am ready to fight.