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Challenging Situation Ahead
Author: Vipin Jain
CEO of Retrevo
A tough economic climate brings more rigor, fiscal discipline, and sharp focus around innovation that matters - and that can be monetized! It also makes quality talent more accessible. The challenge, of course, is to raise the capital required to execute the business. Even good business plans have an uphill battle in raising the capital at fair valuations.
The social Media continues to get the buzz but not the money. This may change in 2009 as more CMO’s are exploring how to leverage the social media for their branding strategies. I'm sure we will all see a number of creative campaigns on the major social media networks like Facebook and MySpace from major brands. Energy independence, clean-tech, SaaS, cloud computing, product search, and commerce continue to be hot from an innovation and investment perspective as well. These will all be interesting trends to watch in 2009.
The next few years are going to be difficult for many companies and even entire industries. Those that provide a tangible value (saving money or making money for individuals and families) will be in the best position to weather the storm and come out as winners. However, beyond the next few years, I believe, the new administration's focus on long term investment is the right one. Fundamental innovation around energy production, distribution, and consumption is desperately needed. Investment in new technology, the Internet, and broadband infrastructure will also be needed to drive further productivity gains. Investment to improve education, with emphasis on science and mathematics, is fundamental to making the U.S. globally more competitive. And lastly, we all have to learn to live with realistic but sustainable financial gains.
Reader's comments(4)
1: From: Mrs. Mary David
This mail may be a surprise to you because you did not give me the permission to do so and neither do you know me but before I tell you about myself I want you to please forgive me for sending this mail without your permission. I am writing this letter in confidence believing that if it is the will of God for you to help me and my family, God almighty will bless and reward you abundantly. I need an honest and trust worthy person like you to entrust this huge transfer project unto.
My name is Mrs. Mary David, The Branch Manager of a Financial Institution. I am a Ghanaian married with 3 kids. I am writing to solicit your assistance in the transfer of US$7,500,000.00 Dollars. This fund is the excess of what my branch in which I am the manager made as profit last year (i.e. 2010 financial year). I have already submitted an annual report for that year to my head office in Accra-Ghana as I have watched with keen interest as they will never know of this excess. I have since, placed this amount of US$7,500,000.00 Dollars on an Escrow Coded account without a beneficiary (Anonymous) to avoid trace.
As an officer of the bank, I cannot be directly connected to this money thus I am impelled to request for your assistance to receive this money into your bank account on my behalf. I agree that 40% of this money will be for you as a foreign partner, in respect to the provision of a foreign account, and 60% would be for me. I do need to stress that there are practically no risk involved in this. It's going to be a bank-to-bank transfer. All I need from you is to stand as the original depositor of this fund so that the fund can be transferred to your account.
If you accept this offer, I will appreciate your timely response to me. This is why and only reason why I contacted you, I am willing to go into partnership investment with you owing to your wealth of experience, So please if you are interested to assist on this venture kindly contact me back for a brief discussion on how to proceed.
All correspondence must be via my private E-mail (dmary4love1@yahoo.fr) for obvious security reasons.
Best regards,
Mrs. Mary David.
This mail may be a surprise to you because you did not give me the permission to do so and neither do you know me but before I tell you about myself I want you to please forgive me for sending this mail without your permission. I am writing this letter in confidence believing that if it is the will of God for you to help me and my family, God almighty will bless and reward you abundantly. I need an honest and trust worthy person like you to entrust this huge transfer project unto.
My name is Mrs. Mary David, The Branch Manager of a Financial Institution. I am a Ghanaian married with 3 kids. I am writing to solicit your assistance in the transfer of US$7,500,000.00 Dollars. This fund is the excess of what my branch in which I am the manager made as profit last year (i.e. 2010 financial year). I have already submitted an annual report for that year to my head office in Accra-Ghana as I have watched with keen interest as they will never know of this excess. I have since, placed this amount of US$7,500,000.00 Dollars on an Escrow Coded account without a beneficiary (Anonymous) to avoid trace.
As an officer of the bank, I cannot be directly connected to this money thus I am impelled to request for your assistance to receive this money into your bank account on my behalf. I agree that 40% of this money will be for you as a foreign partner, in respect to the provision of a foreign account, and 60% would be for me. I do need to stress that there are practically no risk involved in this. It's going to be a bank-to-bank transfer. All I need from you is to stand as the original depositor of this fund so that the fund can be transferred to your account.
If you accept this offer, I will appreciate your timely response to me. This is why and only reason why I contacted you, I am willing to go into partnership investment with you owing to your wealth of experience, So please if you are interested to assist on this venture kindly contact me back for a brief discussion on how to proceed.
All correspondence must be via my private E-mail (dmary4love1@yahoo.fr) for obvious security reasons.
Best regards,
Mrs. Mary David.
2: sir its we who hav made the situation seem challenging.its the media who is playing
havoc.without understanding bout the consequences , these media persons write
whatever comes in2 their mind .i hope a majority of whom even dont know wat a
recession actually is.its high time dat we really get this bug out of our minds lest
it not only wud result in an economic depression but also a depression within us.its
simple...guessing always makes thngs seem complex....| dat makes em worse...its d tim
v stop guessing | start wrkin 2wards winin trust across d globe....
3: Do you think it fair to eliminate the low profile talents and only maintain the
highly talented and professional ones making others jobless?of course recession has
put a benchmark on discipling the whole allocation of resources by each and every
firm.But the percentage of talents who are learning and building up their career
should be eliminated from the job scene?US has taken a decision on expats and now
what would be the plight if India again shows a red signal to those who return and
the ones in India?Pathetic!What measures have our MNCs and management taken to deal
with this issue? Use and throw (like disposable diapers) is the one word we maintain?
4: Hallo Sir,
It is really nice to see your views on the topic. What I feel is, that, if you got quality people at the highest levels in the organization, and following the principles of management - 14 principles - particularly - subordination of individual interest in to group interest, initiative, order and Esprit de corps (spirit of cooperation - sense of belongingness) the smooth functioning of the organization and growth will be there. Whatever may be situation facing it will not be a difficult matter. Normally external forces will be difficult to meet but with the quality people it may not be a difficult one. Knowlede of customers, markets, competitors and so on is to be analysed well in advance which will pave a way for creating a niche in the competitive environment.
Apart from that judicious use of finance is also considered an essential one because it will help the organization to grow to a greater level.
Dr.M.Govardhana Singh
It is really nice to see your views on the topic. What I feel is, that, if you got quality people at the highest levels in the organization, and following the principles of management - 14 principles - particularly - subordination of individual interest in to group interest, initiative, order and Esprit de corps (spirit of cooperation - sense of belongingness) the smooth functioning of the organization and growth will be there. Whatever may be situation facing it will not be a difficult matter. Normally external forces will be difficult to meet but with the quality people it may not be a difficult one. Knowlede of customers, markets, competitors and so on is to be analysed well in advance which will pave a way for creating a niche in the competitive environment.
Apart from that judicious use of finance is also considered an essential one because it will help the organization to grow to a greater level.
Dr.M.Govardhana Singh
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