Changing managerial scenario...

Turmoil .... i think this is the write word to explain present economic situation in the world..
..isnt it??
"Lehman brothers crashing, AIG bailed out, fluctuating oil prices, Satyam business scandal..."
Are these all victims of unfavourable circumstances or an outcome of bad managerial decisions based on , may be greed or lack of ability...??
what do you think?
All this has has led to economic crisis in countries, leading to financial crunch in the corporate sector,hence going in for cost cutting..
Now days, a lot of questions are raised about the ability and the confidence to be shown in a manager...hence putting stringent pressures on existing managers and also the budding managers out of B-schools..

** The existing managers are now forced to change their mode of working in order to adapt to the current situation.
Managers of successful companies are at the forefront of job re-engineering.They are operating now with fewer employees and learning the importance of hiring the right talent to survive and thrive.
Economic uncertainty and changing job dynamics focus the spotlight directly on high efficiency and productivity. Lay- off of employees is becoming common,hence the select teams of key employees often work longer hours than ever before to accomplish the equivalent of what used to be multiple jobs. Increased expectations for results demand that managers reexamine and redefine jobs regularly.

Also the scene for the budding managers from B-schools has suffered. As the companies are in financial crunch,they are not very keen in hiring new people...
--- The TIME from B-schools choosing the companies for recruitment,and the students with multiple offers has changed to a TIME of companies choosing B-schools for hiring and students praying for companies to come for recruitment's...

May be it should not be said but the reality of the situation is that " Beggars cant be choosers"

It is often said that *being practical in life is the best policy*, but there are sometimes like present that one should hold "pragmatism" and "optimism" in equal states , coz one needs to believe that there is a bright future ahead and the times will change soon...

"Hard work always pays off , never say die till the old fat lady sings"

***Keep your spirits high in these tough times... after all nothing is permanent.. good times will return***