

Approximately 48 percent CEOs in numerous work disciplines said they see more opportunities in the present crisis than debilitation of their businesses. Respondents also indicated time is now right to restructure their corporate interests rather than permit laxity through excuses that could affect their interests in the long run.
Vice President and General Manager, HP’s StorageWorks Division, Asia Pacific and Japan, Jim Wagstaff, said it is not about spending more on hypothetical conclusions for investment, but being sufficiently conscious of costs.
Hewlet Packard, HP, the Computer company put in place effective innovations to counter any negative responses that could emerge because of the current financial mess that prevails in most financial capitals world-wide. He said it is now detailed judgment in company strategy that could make the difference.
Restructuring each business entity is now an ongoing climate in the corporate world. At least of those who responded with comments on their future focus agreed.
Sri Lanka, although not qite able to match in volumes in technological inputs, featured in a leading slot within acceptance in these changes.
He said HP’s new standardizing, optimizing, and automating technology would ensure cost effective development of each corporate body. Consequently, benefits that would accrue would effectively negate any debilitation and may help progress rather than cause stress in the board room.
Additionally, adopting flexible sourcing options would keep critical projects running. The applicable credo for future company development could be standardize, optimize, and automate.
Current assumptions in the Sri Lankan business world is that international financial downturn now in its intense stage of alarm, has not as yet affected local enterprises to cause immediate gloom.
Banks are doing well, said two CEOs. Tea and garments, two world products produced here have already had their anxious moments, but thanks to demand driven needs tea seems to have recovered, perhaps temporarily but nevertheless they are not out of the woods yet. It will get worse. Garments is an immediate casualty with lay-offs now routine.
Nobody should assume that the worst is now behind us said a leading banker who refused to be quoted. ‘Things are going to get bad’, he said. ‘Loans and over drafts? No right thinking person would even think about it much less actively lend’, he said.
Within scope of these international developments it would not be long before the cash strap affects other local entrepreneurs.
To negate such debilitation, HP technology has now devised advanced improvement to suit each corporate enterprise to counter impending gloom.
Innovations already included above are now complemented by financing and leasing options to ease huge investment. HP Financial Services in their ‘White paper‘ released this month gives details on totality of options available and cost effectiveness of each.
Their management services portfolio, Wagstaff said includes multi – tired hybrid design, a new service to customers, to handle and assist in designing and adopting newer technology and their merits for corporate progress. Even at worst of times.