Premji's Seven mantras against slowdown

As we all know that the entire world is going through a tough time of crisis, and hence the affects may appear on the Individuals working nature as their motivation level may go down. Now comes the role of mentor or the eldest of the family to guide and to give a positive ray to the family members so as to let them ride the wave ahead. The same happened in Wipro, the Chairman Mr Azim Premji send a message to all the Wiproites in the form of 7 mantras against the slowdown. Here are seven things Premji suggests to his 95,000 employees to weather the tough times.

1. Right time to invest in opportunities-The best time to invest is always when things are at rock bottom. Look for opportunities in markets like India and Middle East.
2. Maximum opportunities abound in such times-Paraphrasing Charles Dickens he says, "in the winter of despair, lies the spring of hope."
3. Maximize usage of assets-"Make assets go as far as they can by increasing their use."
4. Cut down discretionary expense-"To make assets go as far as they can by increasing their use," and critically, "cut down discretionary expense."
5. Be absolutely customer centric-"We must have a clear solution that will help our customer's business in these troubled times, so Wipro can be seen as a partner of choice compared to our competition."
6. Squeeze out every ounce of productivity- it's time for employees to adopt multi-tasking approach and maximize productivity.
7. Manage risks-Given that global slowdown is a reality with recession looming large, it is time to hedge risks. Especially in the scenario in which US -- reeling under a financial crisis, is IT companies’ biggest market.

So, we can see that the leaders and elders of family are guiding with a lot motivation and positive insight to lead them.