beating recession working as a team...

Working as a team is my major objective and all ups and downs must be faced together with full cooperation with each other starting from the CEO to the office boy. When recession hits, it is time to hold the company more firmly and all the employees must feel at home, not just as a mere object and in order to maintain this care must be taken to chose the right people to be the building blocks of your company so that at such times there is no remove the unwanted people as there would be no unwanted people if they are filtered properly and proper work is assigned to them, still the people should be assessed based on their productivity to utilize them to the maximum.
My first step would be to attain the confidence of all my employees so that they too realize that it is OUR problem! I would try my level best not to hamper the bonus as this step would discourage their morale, rather would focus on cutting on the hidden expense such as usage of too much of unwanted stationary and then wasting them, the bond paper should be utilized to the last scrap because paper consumes a major deal of money, though many fail to realize it. The paper quality too can be compromised to certain levels. I would also strongly focus on the consumption of electricity that makes a great difference as thousands of PCs are left on standby, I would advise them all to shut them down and the lights, fans, ACs etc should be turned off when not in use. The benchmark strength cannot be left unhampered at such a point and the people must compromise, but there should be care that people who are fired should be as less as possible. The outings and entertainment should not be carried out that often, but if manageable again decreasing the standards and the expenses shouldn’t be a major deal. Companies spend a substantial sum on the transport, so proper Transport analysis has to be performed and rather than using cabs, shuttles should replace them. A revolution of riding by bicycle is something I would strongly be impressed by if the employees from short distance could manage it as its high time we should care about our environment too. Another strategic management would be directing the business to other countries like choosing any similar country that may yield good profits, although this involves a risk, but if it works then the company has hopes of coping up with the situation
A constant eye on the share market and keeping an efficient company advisor can make us help coping up with the situations and work accordingly as the time demands.