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Indian Business Academy

 
Industry : Management & Strategy Consulting
Functional Area : Change Management
Activity: Question posted: 12 05 2008 15:24:36 +0000, 4 answers, 156 views, last activity 07 06 2010 20:18:08 +0000
 
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Least affected is healthcare including everybody in the chain as suppliers as well as financiers



  Answered by     Sudarsan , Operations, ABT LIMITED  | 02 20 2009 10:04:57 +0000
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Hmm, well it has affected all fields but i belive supply chain managment area is less afttected but fingers crossed anything might happen and this recession is too bad.  Only way is cost reduction.

 

 

  Answered by     Atul Kumar, `Confidential, Confidential  | 12 06 2008 07:43:48 +0000
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This is bound to happen. Non of the company is spared in India. Let it be IT, Real Estate, Manufacuring, Sales, Banking, INsurance... lst goes on.

 Every company has first focused on cost reduction by controling the expenditure is every possible area. They cut your travel cost, partying entertainments, bonus, telephone, paper usage, etc. They are also working hard for the optmised usage of available resources, let is man or machine.

Then it comes to man power reduction if still operating cost is high. With triming sales figure, revenue, the companies are doing every possible tasks to keep them afloat and not to sink. Many companies are fighting for their survival. Although time is not very bad in India as in US, cause Indian compines have good margin on their sale revenue. The future is not going to be same and all of us has to work on cost reduction.

Note: This is my personal view and does not reflect any company's view.

  Answered by     Vinod Yadav, Marketing Manager, L & T  | 12 06 2008 05:26:57 +0000
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Well, we are closing down one site office at Nagpur and moving the existing staff at other different locations, branches etc..as well as are also sharing office space with another subsidiary.

 
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