156 Questions About How to Prevent Recession: Using Ancient Wisdom & Management Ideas

By Satya Saurabh Khosla

How to Prevent Recession has emerged from the authors academic study and experience.

• Language: English
• Publisher: Partridge Publishing Singapore
• Release date: May 29, 2015
• ISBN: 9781482831627

Satya Saurabh Khosla

Satya Saurabh Khosla gave up his job at a multinational bank in 1981. He has since been in business. In ’80s, he contributed to course material in management, academic papers at national conferences and to a book on marketing of services in India for the world’s largest open university. Dissatisfied with the approach, he researched how academics can transform man and society. The outline of basic ideas of chapters 2 to 5 of How to Prevent Recession was ready by late ’90s. Public service campaigns helped clarify the author’s ideas of interdependence of man and society. Their conviction was tested in ’97–’98 when they could mobilize about two hundred thousand students from 250 schools in Delhi in a voluntary effort to curb vehicle pollution. The activities of this “Students Against Pollution” movement was covered by World Banks publication The Urban Age. Later, such experiences of interconnectedness helped him foresee the global recession in October 2007. His wife Neelam, a PhD in Indian classical music, added music to life with Sai Priya, Aditiyaa, and Swabhanu. A study of their orchestra of attitudes helps design the 156 questions here as some of Priya’s sketches are illustrated.

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Copyright © 2015 by Satya Saurabh Khosla.

Illustrations by: Francois Swart

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CONTENTS

Prediction Of Economic Recession Published On October 4, 2007*

1 What Was The Most Important Cause Of The Recession?

2 What Is The Book About?

3 Why Should I Read This Book?

4 I Like Profit! Can We Have A Profitable Conversation?

5 How Is Excellence Our Latent Talent?

6 What Do We Have To See About A Business?

7 What Does The Summary Summarise?

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Is it possible to prevent a recession?

It is possible to predict a recession and also to prevent it. ‘How to Prevent Recession – using ancient wisdom and management ideas’ shows how to do both.

For prediction an individual’s skill is sufficient. However, prevention needs collective effort. So, this book gives a theory that binds, in a common string, all pearls of inspiring actions that help society today.

Why is the prediction of the 2008 recession given at the back of the main book?

What is the point of predicting if you cannot change things for the better? The effort to prevent a recession is more important for society. So, the contents of how to prevent it precede the prediction. For those interested, the prediction is given in the beginning of this booklet.

How to get a recap of ‘How to Prevent Recession’?

The common threads that can bind society are the four goals of life for man or the 4Cs. They prevent recession and a Summary of this is given at the end of this booklet

The author seeks that word ‘Man’ be read as gender neutral in this book. Man can be a pun on the Hindi word ‘Mun’ where ‘a’ - if sounded as ‘u’ – means mind of a human being. The idea of education is to train the mind - for life. Therefore, ideas here are about ‘Man Management’. ‘Managing’ the mind helps man and firm to prevent social problems. Common goals and strategy for man and firm creates unity in action at home, work – for the benefit of society. Ancient techniques can help direct thoughts of man, plans of firm. Just as four Purusharthas give meaning to man’s actions – making them fit for society, 4C’s give meaning to a firm.: Extract from Preface of book ‘How to Prevent Recession - using Ancient Wisdom and Management Ideas’

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2008:

All managers thought they were successful.

Their companies earned record profit, they received record bonus.

Yet society discovered later that their actions led to the recession.

The failure of such success never hurt society harder.

The Prediction about Goldilocks growth:

"When in late ’07 the interest rates are adjusted upwards, severe pain is likely to be felt (an estimated $ 1 trillion on ARMs i.e. adjustable rate mortgage, will be reset)."

Ancient wisdom: Why a story of Goldilocks?

Since time immemorial stories have been used to explain difficult ideas. Jesus used parables. A financial parable explains an idea - which was unbelievable in late 2007.

Management Idea:

The best way to predict your future is to create it: Peter Drucker. How to create a future without recession? This is the primary task addressed.

"The 2008 recession came at a time when nobody thought anything could go wrong. Some were tempted to think that ‘there is no harm if I buy assets a little more than what I can afford – will only help the economy grow – after all asset prices are increasing’. All those who thought like this may or may not have caused the recession – but some of them were affected by it.

Economists gave this growth a name – ‘Goldilocks’ growth. This is a story we have heard as children. Goldilocks got all she wanted despite the danger of losing her way and entering a bear’s house. She ate their porridge, broke a chair, slept but left as a friend of