—In today’s business scenario, threat of recession is already causing management to factor that possibility into their planning/budgeting processes. Many manufacturing sectors will struggle, if the experience of previous recessions holds true. Relatively low-technology manufacturing is likely to fare especially badly; highly internationalized; high-technology manufacturing is far better-positioned. The present forecast envisions a world recession that is somewhat shallower and shorter than many other forecasts. To avoid accusations of ‘cuts’ to jobs and services the government will have to push even harder for public service innovation to deliver high quality services at significantly lower cost. It’s also very likely that a recession will impact outsourcing activity and practice. Even if you do manage to maintain your sales, your profit margins could still come down. You might have to devise new and innovative methods to attract customers towards your business. By implementing pre-recession strategy any organization can prevent or to minimize the loss from recession.
—Recession, Threat of recession, Pre-Recession Strategy, Recession detection and recovery, prevention and avoidance.
Sr. IT Faculty at SMU Pusa Road(e-mail: firstname.lastname@example.org).
Cite:Mr. Shashank Kumar Srivastava, and IAENG, "Pre-Recession Strategy for Survival and Growth," International Journal of Trade, Economics and Finance vol.1, no.2, pp. 204-206, 2010.