film previews‚ and to buying and downloading music online. The Internet has now become one of the music industry’s greatest markets‚ estimated to reach over 25% of sales in five years. This may be true‚ yet the Internet is also one of the music industries greatest enemies. For some years now online shopping has been available to anyone with a credit card and an Internet connection. E-commerce retailers such as Amazon.com sell everything from garden tools‚ to C.D’s and mini-discs. It is only in the
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India during the ’great recession’ India during the ‘Great Recession’ Introduction: Economists called the financial crisis of the 2007 - 2009 as the “Great Recession”‚ since it is a critical factor and vital cause for the failure of many businesses and significant influencer that has worsened many economies. After US busted out the housing bubble‚ this raised the rates of sub-prime and mortgage rates. India‚ the country which is fully an export driven economy like many other countries‚ the GDP
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Impact of Recession on IT industry in India Author : Dr. Kotkar S.N. Abstract A recession is a contraction phase of the business cycle. The effect of recession is on all sectors but the main effect is on IT industry. In that mainly related to lob loss and unemployment. There are also some remedies on recession which helps to become a stable in the market. This paper presents the reasons of recession‚ impact of recession on IT industry in India and remedies on recession. Keywords: recession‚ Job
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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
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The Global Car Industry Facing Recession and a Credit Crisis Case study Reference no 309-032-1 This case was written by Nick S Potter‚ Birmingham Business School‚ University of Birmingham. It is intended to be used as the basis for class discussion rather than to illustrate either effective or ineffective handling of a management situation. The case was compiled from published sources. © 2009‚ Birmingham Business School‚ University of Birmingham. No part of this publication may be copied
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When the great recession emerged in late 2007‚ many companies had fallen into a financial demise. According to a U.S. Census Bureau study taken in 2011‚ over 200‚000 small businesses closed during the 2008-2010 period. In addition‚ over 3 million jobs were gone (Shapiro). The highest recorded rate of unemployment was 9.7 percent nationwide. There are currently over 11.7 million unemployed people in the U.S. There were several industries that were seriously affected by the recession. The housing market
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expectations were financial services‚ especially brokerage houses. Big Wall Street firms‚ including Merrill Lynch & Co. and PaineWebber Inc.‚ have reported surprisingly large earnings during what could be a record year for the securities industry. Where other industries - including Wall Street - have retrenched‚ big technology companies are still struggling. IBM‚ the No. 1 computer company‚ yesterday reported a loss of $2.8 billion in the third quarter‚ demonstrating it still hasn’t coped with the
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are strategically‚ ethically‚ and socially responsible. The HR department determine every organization’s success. Basically the HR department exist to support manager and employees as they pursue the organization’s strategies. To success in this‚ Human resource department‚ must have objectives. The main purposes of this department can be listed as follow. 1- Organizational purpose‚ to contribute to organizational effectiveness. The HR department exist to help managers achieve the objectives of
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In economics‚ a recession is a business cycle contraction‚ a general slowdown in economic activity. Macroeconomic indicators such as GDP‚ employment‚ 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
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HRM in Indigenous and MNCs in the current recession. Ireland has one of the most globalised economies in the world. One of its main attributes is the prioritising the attraction and retention of FDI through a combination of incentives‚ particularly low corporation tax and liberalised trade policies. The success of this policy is manifest in the large numbers of MNCs located there and its status as one of the world’s most FDI-intensive economies (Barry‚ 2007; Rios-Morales and Brennan‚ 2009). Ireland
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