Ipi: Survivor in Midst of Economic Crisis
by These are strategies and visions that make IPI survivor in midst of economic crisis. Now that the issue confronts us and IPI has made efforts, let us find ways of making IPI Employees survivor in IPI.
Worldwide economic issue is beyond financial market. It constitutes global financial crisis that comprise stock market crashes and bank bailouts.
Several important indicators of economic downturn suggested that in 2008 economic regression is at its pedestal. Extreme loose of monetary policies and low interest rates in the U.S. lead to high oil and food prices. Ergo, substantial credit crisis directs bankruptcy of large and well-established banks in various nations around the world. It increased unemployment.
These are facts. These are contentions perceived by the experts; thoughts bestowed by different sectors of the society. The global economy stinks! There were signs of concurrent economic downturn in major economies of the world. It is the ultimate crisis of the global market. This is the reality!
It is inevitable scenery of companies vying for existence, a view of dwelling competence and negligence of integrity. But, how would a company maintain its economic stand, overcome the obstacles and survive the apprehending endeavors?
It is more than a tight competition, beyond supplier’s risk assessment, or even production of quality products and delimitation of services. Not only by setting new standards and exceeding the targets and meeting customer requirements.
Few companies in the world were unable to survive. There were notable company shuts down for the meantime, but they were unable to go back to business cycle. Some reduces manpower and resources.
Ibiden Philippines Inc., on the other hand, handed a firm post. It is for a fact that volume order delimits, but IPI is able to find ways of handling the scenario. Instead of reducing the manpower and apply the concept of Last In First Out (LIFO), a general adjustment has been made. Everybody is forced to leave from rank-and-file, middlemen, executives and top management. Indeed, fair treatment to IPI community.
In addition, IPI devised cost-saving activities. There were series of continuous improvement imposed by each blocks and departments. These include overtime reduction, time study, work measures, system flexibility and jobs allocation, water and electricity conservation, and reuse of the resources. These are proofs and evidences that IPI is optimistic to overcome global dilemma and gain excellent post in global market.
These are strategies and visions that make IPI survivor in midst of economic crisis. Now that the issue confronts us and IPI has made efforts, let us find ways of making IPI Employees survivor in IPI.
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