An economic recession is a condition when a country's economy experiences contraction or decline for a long period of time, characterized by a decline in economic activity such as a decline in output, a decline in investment, a decline in production, and an increase in unemployment so that an economic recession can significantly affect a company's business. When a company experiences an economic recession, the company must update its strategy and look at new opportunities that arise. Therefore, with the economic recession, HIMA S1 Management Universitas Airlangga held a Management Visit activity.
The Management Visit activity is a work program for the external department of HIMA S1 Management Universitas Airlangga which is carried out by students carrying out Company Visits and University Visits. In 2023, Management Visit activities will be carried out by conducting a Company Visit. The Management Visit activity carries the theme "Build Up Your Knowledge of Financial Institutions Related to the Issue of the Global Economy". The purpose of the visit is to provide a better understanding of the economic recession, how to overcome its impact on the company's business, be able to learn about strategies that have been used by companies to overcome the economic recession, and get ideas as references in overcoming the economic recession in the future.
The Management Visit was held in relation to SDGs at numbers 4, 8, and 17. This is because point number 4, namely Quality Education, in this activity is to facilitate Bachelor of Management students to gain new educational knowledge from companies in Indonesia regardless of SARA. Then, in point number 8, namely Decent Work And Economic Growth, which is sustainable with the theme being "Build Up Your Knowledge of Financial Institutions Related to the Issue of the Global Economy" where management students will later get information related to the business strategies used when during the economic crisis, provide a better understanding of the economic recession, how to overcome its impact on the company's business, and get ideas as a reference in overcoming the economic recession in the future. In point number 17, namely Partnership for the goals, because Management Visit will collaborate with companies to build networks and prepare a generation of quality Bachelor of Management students Universitas Airlangga who have the prepared abilities and skills to enter the world of work.
