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MBA Review Magazine:
Shrink to Grow Strategies in Turbulent Times
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The current troubled business environment calls for a revamp of the complete management psychology and conditioning it to meet the challenges of economic downturn.

 
 
 

Krishna's strategies made Mahabharata an epic with strong lessons and now, it has come a far way long to teach today's management gurus and the leaders a lesson on strategies and leadership. Krishna, the dramatic figure of Mahabharata has created his own space in the minds of the corporate people. He has propounded new strategies for war and fate. Whether it is on the plains of Kurukshetra or on the minds of the consumers; whether it is for ordinary brand wars or for corporate battles, it is strategy that works. Today's business world has for itself, the term `strategy' as a crowing glory. In the turbulent times, it is strategy that makes or mars the business functioning.

The myriad organizations today want to go from unsustainable to unstoppable. And they are required to write the new rules of the play game, return to the core and revitalize the strategies for going onto the phase of rapid improvements. When companies as big as Hewlett-Packard is in the throes of transformation, shaking off its hardware legacy and reorienting itself as a software powerhouse or banking theme going global through mergers and acquisitions, it becomes an established fact that business in today's scenario is all about strategies. Change with its exceeding velocity and potential has brought before us a new fluid world. In this world of turmoil, it is the strategic move of the company that gives way to its survival. What better time than now to speak of turbulence and talk of strategies.

The various facets in the management of business are governed by strategies; be it marketing, production or human resource management. Needless to mention that in the world of finance, strategy has its own importance and whether it is for the executive or the CEO it is all important for the business. Especially it is a call of these turbulent times that leaders have started integrating strategies to all the domains. The essence of business success is right strategy at right time and with right velocity.

Welcoming back the nomenclature of inflation, deflation, recession, turmoil, we are sidelining the concept of flourishing economy and this has become an international phenomena. This is quite visible right from Wall Street to Main Street. In the current scenario when pink slips are in air and lay off has become the rule of the game, the organizations have responded to the turmoil by trimming the processes and procedures. Many organizations have opted for knee-jerk reactions to chop costs apart from eliminating redundancies and freezing recruitment. These reactions are exhibited in the form of elimination of a business line; scarring a segment of business altogether and sometimes it goes as far as to block the investments as well.

 
 
 

MBA Review Magazine, Business Environment, Hewlett-Packard, Mergers and Acquisitions, Human Resource Management, Management Tools, Anti-recessionary Measures, Corporate Battles, Software Powerhouse, Strategic Management, Business World, Cash Management.