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of goods through the shelf. It also reduces

Leadership

the risk of any wastage / spoilage of

The confidence of a good leader trickles

products during periods of low demand. A

down to the employees even during times

leaner operation not only cuts down the extra

costs but

of uncertainty. Effective leadership makes

also improves the

it a priority to keep the team focused,

efficiency drastically.

working together, and moving ahead.

Leveraging Technology

During periods of economic uncertainty it is not uncommon for employees to be

The best organisations, irrespective of the

distracted, fearful, and less productive

economic slowdown often deploy the

than

latest technological improvements in their

normal.

That

is

where

good

leadership comes in. Engage employees,

processes which not only significantly

allay their insecurities and make them

improve production rates, quality and

believe.

efficiency but also hands the firm a significant advantage in terms of cost.

Utkarsh Modi Batch 2013-15

32

Iblitz magazine 2013 final  

iBlitz the quarterly campus magazine at IIFT

Iblitz magazine 2013 final  

iBlitz the quarterly campus magazine at IIFT

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