Success in a Recession

In: Business and Management

Submitted By 1donguerrant
Words 598
Pages 3
Share PageFun stuff to DO!Explore Related PagesSquidNews!Fan PageNo Friends OnlineUpdatesAccountsChat with your friendsNew! Ritz Munchables Pretzel CrispsRollover to learn more!Lens of the DaySee the Top 100Make a lensSay hi in the forumP.S. Take a quiz!P.P.S. Get famous

* Hi, donguerrant * Log Out * Dashboard * SquidLinks o What's Squidoo? o SquidU o SquidBlogs o Top Lenses * Connect Facebook Twitter Gmail

Go! Create Your Own Lens
Keys to Success
1 - I can do better 2 - Jury's out 3 - Pretty darn good 4 - Splendiferous 5 - Awesometastic by 0 people | Rate this lens: 1 - I can do better 2 - Jury's out 3 - Pretty darn good 4 - Splendiferous 5 - Awesometastic

Ranked #32,034 in How-To, #326,447 overall Share

* RSS * Email * Lensroll * Favorite It

Ads by Google

2 Hot Niches Right Now?

Do You Know Two Exploding Niches That Need Sellers In Them Today? Find Niche Markets Fast

Find Hot Niches Instantly Download List of 241 Best Niches Finding your niche can make you rich, when you tap into those things you are passionate about, it can bring great success.
Success can be defined different ways depending on who you ask. Most people want to be successful in some way. If I were to tell you, you can do anything you are good and passionate at doing and were to get paid for it, you probably would say no way. Most experts say that is a big part of success to most people. When you can get paid for doing something you love doing, and are good at doing. I want to encourage you to find your Niche and lets become successful.
Success inspite of Recession
Capitalize even in the middle of a Recession
The definition of the word "Crisis" is Excessive Trouble, a Problem too Big for you to…...

Similar Documents


...On Impact of Recession in India Submitted to: Submitted by: Mrs. Kawaljeet Kaur Harsimranjeet Kaur Regd: 625241502 In the partial fulfillment of the requirement for the BBA degree course of the Swami Satyanand College of Management & Technology. INDEX Introduction to recession Definition of recession Attributes of recession Causes & Effects of recession Stock Market & Recession Recession & Politics History of Recession Current crisis in the US Impact of recession in India Consequences of US Recession Conclusion Bibliography Acknowledgement If words are considered to be sign of gratitude then let these words convey the very same. I am highly indebted to lecturer Miss. Shveta, who has provide me with the necessary information and also for the support and her valuable suggestions and comments on bringing out this report in the best way possible. I feel great pleasure to cordial thanks to all faculty members of management department of SSCMT who sincerely supported me with the valuable insights into the completion of this project and I am thankful to that power that always inspire me to take right step in the journey of success in my......

Words: 5577 - Pages: 23


...Recession One of the most commonly used term nowadays is “recession”. We read about it in newspapers an year ago, then heard about it in television 3-4 months back and now we are getting a feel of what exactly it is. Recession is not a new phenomenon, it last happened in America during 2002-2003 and many times before that also. But what makes this recession so fearsome is its magnitude and the countries which are being affected by it. What started out as a bursting of housing bubble soon crippled the American Banks, then Its economy and now the pinch of it is being felt all over the world except, of course, Antarctica which is least affected by it due to obvious reasons. Many factors lead to recession, which economists believe will lead to depression. There’s no absolute definition of depression or recession as such with various economists publishing their own theories and definitions of these terms which are usually different in meaing from each other. Most widely used definition of recession is “Whenever a country witness decrease in GDP growth in consecutive 2-4 quarters, we say that the respective country is in recession” whereas “if there’s a decrease in GDP growth for more than 4 consecutive quarters, we say the respective country is in depression”. My friends over here will be mentioning the obvious points like subprime crisis, bankruptcy of investment banks like AIG, Lehmann Brothers, Freddie Mac, faltering of mortgage loans and some other common points. I, on......

Words: 651 - Pages: 3

Hotels Recession

...„RECESSION HAS AFFECTED TOURISM INDUSTRY GLOBALLY. WHAT MEASURES CAN BE TAKEN BY UK HOTELS?‟ “CASE STUDY: MARRIOTT GROUP OF HOTEL‟S EFFORT TO ATTRACT MEDICAL TOURISTS” RAMAMOORTHY PANDIAN STUDENT ID: 09004669 DISSERTATION SUPERVISOR THOMAS REEVES SUBMITTED IN PART FULFILLMENT OF THE REQUIREMENT FOR THE DEGREE OF MASTER OF BUSINESS ADMINISTRATION UNIVERSITY OF WALES INSTITUTE, CARDIFF FEB 2010 1 ACKNOWLEDGEMENT First and foremost, I would like to thank my supervisor Thomas Reeves for his valuable professional advice and guidance as well as for rendering his kindness, endless patience and continuous encouragement towards my dissertation. I would like to thank interviewees in the Marriott Group of hotels and its branches, without which this study could not have been reached its conclusion. A handful of thanks to all the lecturers of my concern for their teaching, without them, I can‟t learn so much knowledge. This dissertation could not have been completed without continuous support, encouragement, and caring of all my friends and my family members. I would wish them many a thanks too. Finally, I would like to express my sincere appreciation to those who provided me with great support and encouragement during my studies in UK. Thanks again to all of them. 2 ABSTRACT The aim is to find out the most possible means that recession would affect the tourism industry globally and also to pay attention towards the various measures taken over...

Words: 19699 - Pages: 79


...How the current recession has impacted on the sales of various businesses in Barbados 1.1 Introduction Recession is being experienced all over the world, it changes the way countries and economies develop and how they function. Based on the region I live in, which is the Caribbean. I have decided to focus on my country which is Barbados; the centre of my focus is how recession impacts the sales varies business in Barbados. The business I am testing this theory on is Moniesha Snackette it is a small business, owned and operated by Violet Taylor, which is based in Belleplaine St. Andrew. ` First and foremost we must first define what recession is, ‘recession is a period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters.’’ Sales is define as, “the act of selling a product or service in return for money or other compensation. Signalling completion of the prospective stage, it is the beginning of an engagement between customer and vendor or the extension of that engagement.” Sales are very important to an organisation, without sales, the company does not make a profit and if the company does not make a profit is fails, so the amount of sales a business has determines whether or not a business is successful or whether it fails. Unfortunately because of the recession Moniesha Snackette has been experiencing some difficulty in selling and making profits, as......

Words: 369 - Pages: 2

The Great Recession

...The Great Recession and the Great Depression John Maynard Keynes wrote in the depths of the Great Depression that, “Practical men, who believe themselves to be quite exempt from any intellectual influence, are usually the slaves of some defunct economist.”1 This acute observation is applicable to our current Great Recession as well. In fact, the newly discredited ideas are not too different from the old, suggesting that Keynes may have overestimated the ability of people to learn from their mistakes. I discuss the parallels between these two watersheds in recent economic history in three steps. The first and most important step is the causes of the crises and their relation to economic theory. The second step is the spread of the crises as they affected the whole world. I close with the final step, recovery—at least as far as we can see it at this point. Marx said famously that history repeats itself, “the first time as tragedy, the second as farce.”2 I argue that this observation also fits our current condition. Both of these dramatic and costly economic crises came from the interaction of economic imbalances in the world economy and the ruling ideology of financial decision makers who confronted these imbalances. The first imbalance came from the First World War. This paroxysm of violence brought the long economic expansion of the nineteenth century to a sudden end. Britain, the workshop of the prewar world, was exhausted by the struggle. America, the......

Words: 5245 - Pages: 21


...Bryant and Stratton College ECON220: The History of Recessions in the U.S. Instructor: P, Created by: Brandon April 8, 2014 Throughout history the United States has gone through many economic ups and downs and has tried to create new procedures to ensure that the same problem does not occur again. In this presentation we are going to look at some of the recessions that the country has endured, how these recessions happened, when, and how the government attempted to correct the problem. While there are many different opinions on how to correct and prevent these recessions from happening we are going to look at the facts that lead to these crisis’ in the U.S. economy. The financial press often states the definition of a recession as two consecutive quarters of decline in real GDP. NBER (National Bureau of Economic Research) states that a recession is a period between a peak and a trough, which does not necessarily always consist of two consecutive quarters of decline in real GDP but a significant decline in economic activity that spreads across the economy and can last from a few months to more than a year. [1] The first recession we are going to explore is The Great Depression which many say started as a recession. Although the economy began to decline in the middle of 1929 and continued to fall until the first few months of 1933, Black Tuesday, (October 29, 1929) was the day the stock market crashed and what many people affiliate to the beginning......

Words: 1889 - Pages: 8


...Recession In economics, a recession is a business cycle contraction. It is a general slowdown in economic activity.[1][2] Macroeconomic indicators such as GDP (gross domestic product), investment spending, capacity utilization, household income, business profits, and inflation fall, while bankruptcies and the unemployment rate rise. Recessions generally occur when there is a widespread drop in spending (an adverse demand shock). This may be triggered by various events, such as a financial crisis, an external trade shock, an adverse supply shock or the bursting of an economic bubble. Governments usually respond to recessions by adopting expansionary macroeconomic policies, such as increasing money supply, increasing government spending and decreasing taxation. Definition In a 1975 New York Times article, economic statistician Julius Shiskin suggested several rules of thumb for defining a recession, one of which was two down consecutive quarters of GDP.[3] In time, the other rules of thumb were forgotten. Some economists prefer a definition of a 1.5% rise in unemployment within 12 months.[4] In the United States, the Business Cycle Dating Committee of the National Bureau of Economic Research (NBER) is generally seen as the authority for dating US recessions. The NBER defines an economic recession as: "a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in real GDP, real income,......

Words: 3886 - Pages: 16

Poundlands Success in the Recession

...Britain’s retailers have found the economic downturn very challenging since 2007. However, one retail sector that seems to have thrived is “discount retailing”. And one of the growth stars of this sector has been the privately-owned Poundland. The chain, which is led by chief executive Jim McCarthy, has been expanding at the rate of 60 new stores a year. It was bought by venture capitalist Advent International for £50m in 2002 and they sold it on to another venture capitalist (Warburg Pincus) eight years later. The first Poundland store was opened in 1990 and it made a £31.7m profit in 2011/12. It aims to reach 500 stores and £1 billion turnover next year. It created 2,000 jobs in 2012 with another 2,000 predicted this year, taking the total staff to 14,000. Poundland is now Europe’s biggest single-price discount retailer as measured by number of stores operated. Poundland currently serves around four million shoppers. Jim McCarthy has explained Poundland's strong growth in recent years as follows: “Our fixed price makes it easy for families to budget as they can see how much they’ve spent, before they get to the checkouts.” "If you buy five products, it can only be £5. I think that the certainty and the ability to budget have an appeal". The retailer said it had also seen an increase in the number of more "affluent" customers looking to save money in difficult economic times. Mr McCarthy also explains that Poundland's expansion had also given it greater power when......

Words: 336 - Pages: 2

Great Recession

...This assignment´s main objective is to clarify the Great Recession, it´s causes and consequences. Then, it will be highlighted the possible relation between the actual crisis and one(s) of the “killer apps” listed by Neil Fergunson, a British Historian known by his provocative and controversial views. Many economics acknowledge the Great Recession to be the most devastating global economic crisis since the Great Depression in the 30´s. This crisis is based on some factors, worth to be emphasized, such as easy credit conditions that encouraged high risk lending and borrowing practices; international trade imbalances; the housing bubbles; the fiscal policy choices by the governments, related to their revenues and expenses or the position taken by some federal reserve banks, especially on the bailing out process of financial institutions. The first cause we can appoint it’s related to the risk or actual bankruptcy of the major financial institutions globally, starting with the collapse of the “Lehman Brothers” (September 2008), a global financial services firm. Some of these kinds of institutions highly invested in risky securities, which depreciate almost their entire value, when United States and European housing bubbles began to deflate during the 2007-2009 period. Consequently, as share and housing prices decreased, a major panic was installed on the inter-bank loan market, resulting on the failure of many others large and well established investment and......

Words: 635 - Pages: 3


...The U.S. economy has fallen into a recession. It is a severe and deep recession, and one that some economic analysts say may persist for at least another year. The unemployment rate has risen to levels not seen in over 20 years. The current unemployment rate is at 8% and is expected to rise further. The inflation rate is -2.4 percent, meaning that overall, prices are falling. You are the new senior economic advisor to the President of the United States, and he has asked for your recommendation on how to proceed. Since you are an experienced Washington consultant, you know that you should first consult several other experts and get their advice. The following colleagues have expressed their insights and recommendations. Raymond Burke / Economic Consultant: Well, first we have to distinguish between fiscal policy and monetary policy. As you know , the president does have some control over fiscal policy , along with congress of course – but concerning monetary policy, only the federal reserve bank can determine and execute monetary policy. I would recommend that the president lowers interest rates further to help businesses and consumers get back on their feet. Kathy LEE / FORMER Economic advisor to the president I think the president should consider raising taxes and reducing government spending. This will help correct the budget deficit problem and help the economy get rolling again. People will respect this tough decision and once they see that the economy is......

Words: 475 - Pages: 2

Communication and Recession

...Communication and Recession Air Guangzhou is a nationwide well-known airline in China. A multi-level management structure is being implemented within the large-scale business organization. The board of directors is the top management, under which are the middle-level and front-line managerial teams. Its middle management is departmentalized, which consists of marketing, accounting, human resource departments and so on. Formal and informal communications are both used depending on the actual situation. The business’ current profit is much lower than before, even made an economic loss several months ago. In today’s globally economic recession, many fresh graduates have not undertaken an employment for a long time since they leave school, and some persons who used to have a job are also suffering from unemployment at the moment. There is a largest population in China, besides. Due to the extremely competitive employment circumstance existing in the country, the staffs at AG (Air Guangzhou) cannot but be aware of the possible recession, they often talk about it in the spare time. It is easy to find out the reduced purchasing power according to the fallen sales reported monthly by the marketing department. As a respond to the customers’ smaller buying power, the board of directors of AG holds a formal meeting to develop SMART goals to attract more travelers, and then action plans like promotions will be created. However, accounting department’s reports predict that it is......

Words: 637 - Pages: 3

Uk Recession

...UK ECONOMY GROWTH FROM DEEP RECESSION: In UK, while considering the level of the decline is found by 2 factors, * After the big fall of international banking system there is more weakness in credit zone. * Failure in spending and producing the products by lack of confidence Recuperating the Economic level is not possible in short period. In 2009, UK GDP falls to 6%. It initially shows the negative GDP in 3rd and 4th quarters in 2008 and the government project there is no growth in country’s GDP till 2010. The analysis reported that the decline will be smaller in continental Europe. The organization for Economic Co-operation and Development (OECD) analysed and reported that retardation has been more “distinct than projected”. As a result, in 2010 the growth forecast for the leading economies reduces to 1.5% from 1.75%. Due to recession the consumer is less in purchasing of apparels. The retailer already imported huge amount of apparel goods. The inventory level is increased with most of the retailers in UK. As the supplies of apparel is more and demand in the market is less because of recession. The price of apparel is reduced. The less demand in market made the retailers to reduce the garment sales price by giving more discounts is directly reducing their profit margins. IMPACT OF CRUDE OIL PRICE INCREASE: considering the crude oil production down in 2008 which increases the price of the crude oil from $40 barrel to $92 per barrel. The increase in crude......

Words: 655 - Pages: 3

Recession and Perception

...“It’s a recession when your neighbour loses his job; it's a depression when you lose yours.” These wise words from a former U.S. president made me question how true this really is in reality. It is obvious that our minds and what we think play an enormous role in what goes on around us. Our thoughts seem to take over, causing us to act or react in a certain way. These reactions in reality are caused by our immediate perceptions of the given subject, issue or concern. What if recessions are caused by our reactions to things around us such as the media and so called “experts”? The recession had to start somewhere. How many times have you turned on the news hearing “we are in a recession, we have to save our money and stop spending”? The majority of people will hear this and follow along because of the constant charts and graphs supposed experts bombard the public with. Contrary to popular belief, people’s perspective of a recession, can in actuality, cause and fuel it even further. The famous Greek philosopher Plato, in his work Allegory of the Cave provides insight into how a recession can be perpetuated due to the public’s perspective. In his allegory, humans are depicted as prisoners chained in a cave only seeing shadows from the light and creatures that walk behind them. One of the prisoners was released and was exposed to the reality outside the cave. Allegory of the Cave can be interpreted in many ways. The way I see it, people accept reality from the......

Words: 1520 - Pages: 7

The Effects of Recession

...The Effects of recession on M&E in Manchester The effects of recession is quite the same everywhere around the world leading to the same slowdowns in industrial production and slumps in customers spending. Sales revenues and profits suffer high reductions. In order for employers to cut losses they freeze or stop hiring new employees. Buying new equipment, researches and development may be set aside. Late payments from both sides will reduce the valuation of bonds, damaging firms credit rating, and will decrease future financing. Employees moral suffer as well as everyone’s work is optimized causing longer work hours and higher productivity demand, usually on the same wage. Quality in many sectors will fall as a result of cost-cutting measures. Advertising is also often considered as a major expense. Putting it down will lead to a fading interest in smaller brand names. The recession has affected most business from all over the world but more important lets pay attention to what has happened to the hotel industry.  The less affected hotels were those in global markets and those that give out their services to leisure travelers.  Leisure travelers continued traveling every year even during the recession. On the other hand, business travelers changed their perspective on the amount of money to spend and the amount of trips to make.  Some businesses are canceling meetings which are usually held in another country and are instead made using technology, like video......

Words: 419 - Pages: 2

Greece Recession

...A Time Bomb-Greece recession In ancient Greece mythology, bringing in a normal trophy leads Tory fall to enemy’s occupation. Now, similarly, the European countries that had promoted Greece to enter the Euro area, is swallow heavily their bad decision. Who had expect, a country accounted for only 2.5% of the overall southern European countries of the Eurozone would drag others into mud. Greece debt crisis began in December 2009. Three major international rating agencies continuously lowered Greece's credit rating, caused Greece stock market crash and the sharp rise in risk aversion in the international market. Under the pressure of insolvency, Greece government asked for assistance from the European Union and the International Monetary Fund in April 2010. A year ago, relying on the European Union and 110 billion euros of aid pledged at the International Monetary Fund, Greece barely survived the bankruptcy crisis. However, the first bill out did not solve the Greece’s finance tsunami because taking new debt based one older one could only accelerate debt level. It is estimated that if Greece can’t borrow at least 30 billion euros this year, the national bankruptcy will not be able to avoid. Therefore, in order to push the second round billing, the Greece Government intends to tighten its belt and launched austerity program. But in front of the selection of survival or dignity, Greece better to die with honor than to survive in disgrace. Then it is hardly surprising that the...

Words: 2133 - Pages: 9

Roald Dahl Kiss Kiss Over to You Switch Bitch S | 3466 افلام تركي 2017 HDTV 4.2 رعب فيلم Deccal 2 2017 مترجم اون لاين مشاهدة وتحميل فيلم الرعب التركي Deccal 2 2017 مترجم كامل اون لاين وتحميل مباشر بجوده... | F is for Family